The U.S. Supreme Court has ordered a federal appellate court to take another look at its ruling that mutual fund managers can only be held liable for charging...
A federal court has dismissed claims by employees of KV Pharmaceutical Co. that the company breached its fiduciary duties by continuing to offer company stock in the its...
The American Society for Pension Professionals and Actuaries (ASPPA) has requested transitional relief for 501(c)(3) organizations offering 403(b) plans that have found themselves inadvertently subject to Title I...
Secretary of Labor Hilda L. Solis has filed an amicus brief asking the 7th U.S. Circuit Court of Appeals to overturn a trial court's dismissal of a class...
The Securities and Exchange Commission (SEC) has announced a distribution of nearly $185 million to more than 800 mutual funds that were affected by illegal market timing by...
The value and number of securities class-action settlements increased in 2009 from 2008, according to "Securities Class Action Settlements: 2009 Review and Analysis," an annual report by Cornerstone...
The ERISA Industry Committee (ERIC), joined by the American Benefits Council, have filed a friend of the court brief urging the 2nd U.S. Circuit Court of Appeals to...
A federal judge in Tennessee has allowed First Horizon National Corp. to ask a federal appellate court to resolve a still-murky procedural issue in stock drop cases.
The U.S. Department of Labor (DoL) has updated its frequently-asked-questions site dealing with EFAST2, the DoL electronic filing system for Form 5500 and related documents.
A federal court has ruled that participants in the 401(k) plan sponsored by MEMC Electronic Material can move forward with their Employee Retirement Income Security Act fiduciary breach...
Regulators might be cracking down on prohibited advice arrangements in retirement plans and broadening the scope of fiduciary status, suggested Jason C. Roberts, partner and co-chair of the...
The U.S. Department of Labor hopes to have its revisions to the service provider fee disclosure regulations out by May, according to an official from the Employee Benefits...
A federal court has dismissed most claims against State Street Corporation and its retirement plan fiduciaries regarding the offering of company stock as an investment in its employee stock...
Research from the Employee Benefit Research Institute (EBRI) found that automatic enrollment of participants in 401(k) plans is likely to be most beneficial to young and low-income workers,...