Case by Participants in Terminated 403(b) Allowed to Proceed
In denying a motion to dismiss, a federal judge said he had been waiting on the Supreme Court’s ruling in...
Tag: retirement plan litigation
Attorneys Divided on Supreme Court Ruling’s Employer Impact
The lead plaintiffs’ attorney says the Supreme Court has confirmed that it is the employer’s obligation, not the employee’s, to...
TDF Suite Questioned in ERISA Lawsuit Against Fluor Corp.
The suit also alleges plan fiduciaries allowed for excessive recordkeeping fees to be charged to participants.
Detailed Analysis of the Supreme Court’s Northwestern University Ruling
Expert attorneys say the new ruling can be interpreted as ‘modestly expanding’ the precedents set by the Supreme Court in...
Northwestern University Lawsuit Dismissal Reversed by Supreme Court
The new ruling states that Tibble v. Edison’s discussion of the continuing duty to monitor plan investments applies in the...
One Lawsuit Settled, Another Filed Over Plan Investments in Fidelity TDFs
Both lawsuits argue that the index suit of the target-date funds would have been a better option for plan participants.
Plaintiff Must Arbitrate 403(b) ERISA Claims
An order filed in an excessive fee lawsuit against Baptist Health South Florida says the 403(b) plan in question effectively...
401(k) Plan Trustees Sue John Hancock Over Retention of Foreign Tax Credits
A federal court certified a class of trustees, sponsors and administrators of all ERISA employee benefit plans that owned variable...
Supreme Court Declines Review of Delphi Pension Case
Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their...
ERISA Litigation Continues in the New Year
In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing...
Milliman Accused of Failing to Prune Bad Investments From 401(k)
A lawsuit alleges that the poor performance of a suite of target-risk funds resulted in a nearly $250 million loss...
TriNet ERISA Lawsuit Latest to Clear Dismissal Motion
The lawsuit, like many others filed by plaintiffs represented by the law firm Capozzi Adler, also suggests the plan sponsor...
Agreement Reached in T. Rowe Price Proprietary Funds Lawsuit
The firm has agreed to pay $7 million and offer a brokerage window providing participants with access to nonproprietary funds.
Settlement Agreement Filed in Another Excessive Fee Lawsuit
The defendants in a lawsuit against Bronson Healthcare will pay $3 million to settle charges of ERISA violations.
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Sponsors can craft retirement plan document language to manage their exposure to claims for benefits and other Employee Retirement Income...
Intel Prevails Again in ERISA Lawsuit
In considering the plaintiffs’ various claims, the ruling sides firmly with the defense on all but one allegation.
New Defendants Added in Refiled ERISA Complaint
The text includes an extensive number of related allegations against the plan’s adviser and sponsor, including allegations that suggest the...
Plaintiffs Allege ERISA Breach Against Chicago Consultant
A new complaint claims that West Monroe ESOP participants who sold stock in the company did not receive fair market...
Court Denies Summary Judgment for Lawsuit Against ESOP Fiduciaries
The judge found that while the plaintiff might have released all his claims with a separation agreement, the lawsuit was...
Plaintiffs Try Again in Prudential ERISA Lawsuit
The new amended complaint seeks to provide more detail about 14 different investment options allegedly offered in the plan and...