Compliance

Though the court previously allowed class certification in the case, a new order firmly rejects the plaintiffs’ arguments that they were entitled to certain foreign tax rebates generated by group variable annuity contracts they had signed.

The lawsuit closely resembles numerous others previously filed by the law firm Capozzi Adler but adds new argumentation based on a recent Supreme Court ruling.

The 6th U.S. Circuit Court of Appeals has ruled that certain types of ERISA claims, while brought by individual participants, ultimately belong to the plan as a whole, meaning individual arbitration agreements cannot as a matter of course prevent such claims from proceeding in court.

A financial services firm is accused of failing to properly secure and safeguard personally identifiable information provided by and belonging to its customers.

The legislations’ backers say their proposal will lower the cost of providing plans for small business owners.

The bill’s cosponsors say workers need better information about how the choice of a lump-sum buyout of their lifetime pension could undermine their financial future.

Plaintiffs have refiled an ERISA lawsuit against UPS, more than a year and a half after their original complaint was dismissed for their failure to exhaust all administrative remedies prior to engaging in litigation.

The complaint alleged breach of fiduciary duty obligations and excessive fees for recordkeeping services.

The court sent the case back to a District Court for further review.

The complaint alleged breach of fiduciary duty obligations under the Employee Retirement Income Security Act.

The parties have reached a $7.5 million settlement agreement some months after a circuit court revived the long-running ERISA fiduciary breach lawsuit.