| Could Market Volatility (or Recession) Disrupt Record M&A Activity? |
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For some years now, advisory firm owners have enjoyed a sellers’ market that has spurred record merger and acquisition volumes. Will this continue in the case of a recession or prolonged negative market volatility?
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| Judge Finds CalSavers Not Preempted by ERISA |
| Unlike the previous time the case was dismissed, the judge decided that granting the plaintiffs leave to amend would be futile because their first amended complaint “is substantially similar to their original complaint.”
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| Settlement in Invesco Self-Dealing Suit Calls for Additional Plan Investments |
| Parties in a lawsuit accusing fiduciaries of the Invesco 401(k) plan of loading the plan with proprietary investments have agreed to settle for $3,470,000.00. In addition, the defendants agreed to modify the investment options offered through the plan’s self-directed brokerage account (SDBA) so participants will be permitted to invest in non-proprietary exchange-traded funds (ETFs) in addition to the proprietary ETFs offered to participants.
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