Ruling in ERISA Case Lets Adviser Partly off the Hook
A mixed-bag district court ruling in Colorado closely examines the investment policy statements and contracts which governed the relationship between...
Tag: retirement plan litigation
Parties in Dignity Health Church Plan Lawsuit Announce Agreement to Settle
The case made it to the Supreme Court, which ruled plans maintained by principal-purpose organizations can qualify as “church plans;”...
Appellate Court Affirms City National’s Liability in Self-Dealing Suit
However, the 9th U.S. Circuit Court of Appeals did remand back to a district court the calculation of interest on...
BTG International Subject to ERISA Revenue Sharing Suit
The complaint suggests defendants “larded the plan with excessively expensive sub-advised accounts” that paid excessive fees to the recordkeeper John...
Settlement Details Provided in Vanderbilt 403(b) Plan Lawsuit
Aside from monetary relief, the settlement calls for Vanderbilt to issue a request for proposals (RFP) for a new recordkeeper...
Multiemployer 401(k) Plan Settles Excessive Fee Suit
The union plan’s board of trustees has agreed to pay $8.75 million and issue a request for proposals for recordkeeping...
Court Denies Summary Judgement in SafeWay ERISA Lawsuits
The court has ruled that the litigation can proceed to trial because SafeWay’s summary dismissal argument that the plaintiffs’ case...
CIGNA Faces New Allegations in Long-Standing ‘Plan Reformation’ Suit
Plaintiffs in the case allege that CIGNA is not following new calculations ordered by a federal court to remedy its...
Boeing DC Plan Participants Sue Over Inflated Stock Price
The lawsuit, filed on behalf of participants invested in Boeing stock in all of Boeing’s defined contribution plans, alleges the...
Details of Settlement of Anthem Fee Suit Revealed
In addition to a $23.6 million payment, the settlement agreement includes additional terms relating to a review of investment options...
Plaintiffs in Chevron Case Ask Supreme Court to Review ERISA Pleading Standards
Participants in Chevron’s DC plan say the 9th Circuit applied unnecessarily high pleading standards, “precluding petitioners from pursuing claims that...
Court Orders Briefing in George Washington University ERISA Suit
The question in the lawsuit, according to a federal judge, is whether the plaintiff has standing to sue, for one,...
12 Years of Litigation Deliver Final Settlement in Tussey vs. ABB
The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping...
Stay Motion Signals End of Eaton Vance ERISA Challenge
The parties anticipate that they will be in a position to submit a formal settlement motion to the court within...
Fidelity Faces Second Lawsuit Over Undisclosed Payment Scheme
Fidelity is accused of charging an illegal and undisclosed pay-to-play fee that Fidelity extracts from investment companies that wish to...
Plaintiffs in Putnam Self-Dealing Case Ask Supreme Court to Deny Review
Among other things, they say Putnam exaggerated the Circuit split regarding who bears the burden of proving loss causation and...
SEC Says Public Pension Funds Duped by County Manager
The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...
IBM Petitions Supreme Court to Consider Dudenhoeffer Pleading Standard
A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme...
Parties in Brown University 403(b) Suit Agree to Settle
The settlement agreement calls for a $3.5 million payment from Brown, as well as non-monetary relief.
Intel Wants Supreme Court’s Take on ‘Actual Knowledge’ Under ERISA
A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary...