Safeway, Aon Agree to Settlement of Excessive Fee Suits
A total payment of $8.5 million will settle two lawsuits.
Tag: retirement plan litigation
U.S. Argues for CalSavers ERISA Preemption in Court Filing
U.S. Attorneys have filed a Statement of the Interest of the United States in a lawsuit, offering evidence that the...
Parties in MIT Excessive Fee Lawsuit Agree to Settle
They have filed a joint motion to stay all trial dates, but have not yet prepared details of the settlement...
Inherent Murkiness of ERISA Litigation Prevents Progress
There has actually been relatively little helpful legal insight published by the courts, due to the fact that many ERISA...
MIT ERISA Lawsuit Plaintiffs Seeking More Information About Gifts From Fidelity
The plaintiffs say new evidence came to light from MIT President Rafael Reif’s response to revelations that improper donations were...
Greystar Moves to Compel Arbitration of ERISA Complaint
Following a high-profile 9th Circuit decision, Greystar argues that the plaintiff signed a Mutual Agreement to Arbitrate Claims that not...
Schwab Arbitration Ruling Leaves Unanswered Questions
The effect of the 9th Circuit decision on ERISA lawsuits is uncertain, and arbitration is not the perfect option plan...
Lowe’s Defense Fails to Get ERISA Suit Dismissed
The fiduciary breach lawsuit accuses plan fiduciaries of mapping $1 billion into a fund that lagged peer performance and was...
Broad ERISA Lawsuit Targets Texas Grocery Chain
Plaintiffs suggest higher than average fees were not attributable to enhanced services for participants, but instead to defendants’ use of...
Court Finds Atrium Health’s Benefit Plans Are Governmental Plans
A U.S. District Judge in North Carolina determined the health system’s retirement and health plans were established and maintained for...
Court Dismisses Prohibited Transaction Claim in MIT Excessive Fee Suit
A federal court judge moved forward most claims, but granted summary judgment to Massachusetts Institute of Technology defendants for a...
Groups Urge Supreme Court Not to Undermine Value of Plan Disclosures
They argue that retirement plan disclosures give retirement plan participants the “actual knowledge” required by ERISA, whether participants read them...
Court Decides Lawsuit Over Multiemployer Plan Withdrawal Liability Is Time-Barred
According to an appellate court, a cause of action against a plan sponsors for defaulting on its multiemployer plan withdrawal...
Court Remands Case Over OSF Healthcare’s Church Plan Status
The 7th Circuit found a district court was hasty in granting summary judgment to the health care system before all...
Lawsuit Over TDFs Names Provider as Defendant
Participants in the CHS/Community Health Systems, Inc. Retirement Savings Plan have filed a lawsuit against the company, its retirement plan...
Because Nonqualified Plan Is an ERISA Plan, State-Law Claims Are Preempted
The 6th U.S. Circuit Court of Appeals found Safelite’s NQDC plan to be covered under ERISA, so a participant’s claims...
Transamerica Unable to Dodge ERISA Suit
A federal court judge refused to dismiss the case, finding that the new claim was not a released claim in...
Court Says Participant Misunderstood Valuation for ESOP Purchase
A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower...
Charles Schwab Wins Significant Pro-Arbitration ERISA Decision
The 9th Circuit has ruled that Supreme Court decisions show forced arbitration is in fact permissible in the context of...
Court Orders Fiduciaries to Restore $6.5 Million to ESOP
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags...