Tag: retirement plan litigation

As in other recent stock drop litigation decisions, the plaintiff here ultimately failed to jump the high hurdle for standing...

Among other things, a federal appellate court rejected a district court’s decision that the PBGC standards for establishing successor liability...

Earlier this year, a judge ordered the archdiocese to pay $4.7 million to both retired and active teachers, but the...

For its part, Schwab says the appellate court’s decision, which effectively invalidates agreements to arbitrate ERISA Section 502(a)(2) claims, conflicts...

A plan participant relied on language in the SPD regarding eligibility for benefits, and the appellate court found the SPD...

The original complaint accuses T. Rowe Price 401(k) plan trustees of breaching their fiduciary duties under ERISA by either failing...

While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...

Voya successfully moved to dismiss the amended claims under Rule 12(b)(6), arguing that the claims should be dismissed because they...

The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k)...

In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...

PIMCO has requested that a number of documents remain sealed and not be open to the public by the court.

The financial firm will pay $6,900,000 in settlement.

A multi-agency investigation found that from approximately May 2011 through August 2012, the business owner unlawfully embezzled and converted approximately...

For one thing, the appellate court noted that the plaintiff did not use a sufficient benchmark to show that Wells...

Plaintiffs seek government compensation for participants “prevented from accessing their own financial property.”

In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not...

The new ruling in Barrett vs. Pioneer does little to resolve the fundamental issues at hand, offering some points of victory...

In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of...

The dispositive question is not whether the claimants were employees but whether, considering them as employees, they were eligible to...

A federal judge denied dismissal of plaintiffs’ allegations that a prudent fiduciary would have chosen one—rather than two—recordkeepers; that a...