Tag: Company stock

The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a major tobacco producer.

Implications of two litigation outcomes in June 2014 depend on the type of employee stock ownership plan an employer offers.

Multinational pharmaceutical company Sanofi is being investigated for possible ERISA violations after continuing to offer company stock as a retirement plan investment option, despite alleged knowledge that it...

A new academic research paper reexamines how pension costs were related to defaults and bankruptcies at high-profile U.S. corporations in the airline, automotive and steel manufacturing industries.

Fewer retirement plans offer employer stock and fewer plan participants hold concentrated company stock positions in their retirement savings accounts, finds a new analysis from Vanguard.

Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.

A federal appellate court ruled Morgan Stanley & Co. and its CEO were not acting in a fiduciary capacity when deciding to make company contributions to two retirement...

An appellate court reversed the dismissal of an Employee Retirement Income Security Act (ERISA) class action against Amgen, Inc. and an Amgen subsidiary.

The Securities and Exchange Commission (SEC) charged Revlon with violating federal securities laws by misleading shareholders during a "going private transaction."

Supplemental, non-qualified retirement plans are important for executives earning more than $125K annually.

Morgan Stanley Smith Barney (MSSB) has expanded its Global Stock Plan Software suite with OptionEase, a stock plan administration tool for its partnered solutions offering.

Last week brought to light an aspect of 401(k) litigation that doesn’t generally get a lot of coverage—and the participant-plaintiff was presented with a $50,000...

Towers Watson took an in-depth look at defined contribution (DC) plans among Fortune 100 companies, focusing on plan design and investment options.

Looks like the New Year is going to kick off on a litigious note.  

A new report finds that while many participants aren’t yet on track to meet their retirement savings goals, a combination of plan design changes and...

Ford Motor Co. will provide free financial advice to retirees and employees as part of an agreement to settle a lawsuit claiming the company should not have offered company...

A stock drop lawsuit has been dismissed, according to plaintiffs’ attorneys. 

A former participant in the 401(k) and employee stock ownership plan (ESOP) of a now-defunct Lincoln, Nebraska-based bank has filed a stock drop lawsuit against the plans' fiduciaries. 

Anyone who has been paying attention to 401(k) plan litigation these past several years knows that a common trigger—perhaps the most common trigger—for litigation is the presence...

Retirement plan participants can move forward in their stock drop suit against drugmaker Schering-Plough after bringing forth new evidence.