401(k) Forfeiture Case Against Northrup Grumman Dismissed
A federal judge ruled that the company did not breach its fiduciary duties by using 401(k) plan forfeitures to offset...
Tag: ERISA
J&J Employee Benefits Case Dismissed for Second Time
A federal judge ruled that allegations of Johnson & Johnson’s mismanagement of employee health plans’ prescription drug benefits remained too...
Plaintiffs Drop Appeal of Home Depot ERISA Case
A district court judge ruled that The Home Depot did not breach its fiduciary duties in its use of retirement...
ERISA Lawsuits Spark Partisan House Committee Debate
House Republicans’ remarks on ‘predatory’ prohibited transaction claims came shortly after SEC Chairman Paul Atkins pushed for deregulation at the...
U.S. Reps Introduce Bills on ERISA Litigation, Annuity Access
The two bills aim to discourage unmeritorious ERISA lawsuits and expand in-service rollover options.
Federal Appeal of DOL Fiduciary Rule Ends in Circuit Court
The Department of Labor has ended its defense of a 2024 fiduciary rule that would have brought retirement investment advice...
Circuit Court Confirms Dismissal of Lawsuit Against New York Teamsters’ Pension
A New York district court had previously ruled that the pension plan's investment strategy did not violate fiduciary duties.
DOL Withdraws Appeal of Stay of 2024 Fiduciary Rule
The Department of Labor’s proposed rule would have expanded the definition of a fiduciary for retirement investors, including rollovers from...
AT&T ERISA Complaint Dismissed by Federal Judge
Plaintiffs accused AT&T of using 401(k) plan forfeitures to offset company contributions, but the judge ruled that AT&T’s actions followed decades...
DOL Opinion Fuels Clash Over Whether Morgan Stanley’s Adviser Pay Is Really an ERISA Plan
A federal court’s narrow reading of ‘bonus’ pay—and the DOL’s sharply different view—could reshape how Wall Street structures deferred compensation.
Automotive Group Allegedly Lost 9% of 401(k) Assets During Recordkeeper Switch
Rick Case Enterprises Inc. allegedly mishandled its service provider conversion to Principal Financial Group from Empower Retirement, but neither recordkeeper...
Fidelity, Centene Face ERISA Suit for Excessive Fees, Misused Forfeitures
Fidelity is accused of creating a conflict of interest by having its affiliates serve as trustee and investment advisers to...
ERISA Case Against WPP Group USA Dismissed
A federal judge dismissed a complaint accusing WPP Group USA of misusing employee forfeitures to offset company costs rather than...
Anticipating the Next Wave of ERISA Lawsuits
Pooled employer plans could be the next big target in ERISA litigation, according to Jamie Fleckner, an ERISA defense attorney...
Hess to Pay $850K ERISA Settlement
The settlement will cover more than 6,000 current and former participants of the Hess Corp. Employees’ Savings Plan.
IBM Faces ERISA Case Over TDF Performance
The plan’s custom benchmark failed to properly track the investments, which underperformed similar funds, according to the plaintiffs.
Northrop Grumman Settles ERISA Case Over Pension Estimates
Retirees accused Northrop Grumman Corp. of allegedly misinforming pension participants about their promised benefits.
Plaintiffs in Intel ERISA Case Appeal to Supreme Court
The Supreme Court will take up the case's main outcome, after already ruling on a separate part of the case...
With 3(38) Fiduciaries, Litigation Risk Decreases, But Still Remains
Hiring 3(38) investment managers can reduce employers’ exposure to claims tied to investment performance, but they still need to be...
PRT Case Against Allegheny Technologies Dismissed
A judge in Pennsylvania wrote that plaintiffs lack standing to sue Allegheny Technologies over a transfer of $1.5 billion in pension...