Latest Decision in Hughes v. Northwestern Opens Door to More ERISA Litigation
In reviewing a 2022 case remanded by the Supreme Court, the 7th Circuit Court of Appeals allowed two of the plaintiffs’ three claims to continue at the District Court level.
Aon Triumphs in ERISA Suit Over Lowe’s Investments
A judge determined the firm didn’t breach its ERISA fiduciary duties when it encouraged Lowe’s to move more than a billion dollars in plan assets to one of Aon’s own investment funds.
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
A new lawsuit suggests the individual advisory program TIAA clients were rolled into was significantly more expensive and generated hundreds of millions of dollars in fees for TIAA—without providing commensurate performance benefits.
Legislative and Judicial Actions
AutoZone ERISA Suit Clears Motion to Dismiss
The district court declined to rule on the reasonableness of comparing actively managed funds to passively managed index funds on a motion to dismiss, clearing the way for discovery and potentially a full trial.
Legislative and Judicial Actions
