Suit Over Recordkeeping Fees for PNC Financial’s Retirement Plan Dismissed
A court found that the plaintiffs did not state a plausible claim for breach of fiduciary duties. They have already...
Tag: ERISA
Baptist Health South Florida Faces ERISA Excessive Fee Suit
The claims are typical of excessive fee suits, but the plaintiffs also cite language from the 403(b) plan's investment policy...
Complex Ruling Issued in Valeant Pharma-Linked ERISA Suit
The plaintiffs are employees and retirement plan participants at DST Systems who argue the defendants pursued ‘an exceptionally imprudent investment...
2nd Circuit Sends Elements of NYU ERISA Suit Back to District Court
The appellate court agreed with the plaintiffs that the lower court erred in dismissing share class-related claims and in denying...
Juniper Networks Is Latest ERISA Lawsuit Target
The claims included in the complaint, which in some respects directly contradict arguments made by other plaintiffs in related fiduciary...
Xerox Hit With ERISA Suit Alleging Excessive Fees
The complaint claims participants overpaid millions of dollars to Xerox’s recordkeeper from 2015 through 2021.
SeaWorld ERISA Lawsuit Seeks Sizable Damages
The text of the lawsuit notes the fast pace of the filing of excessive fee lawsuits against retirement plans operated...
Court Denies Dismissal of Amway ERISA Lawsuit
Among other allegations, the complaint says defendants continued to offer certain investment options despite the availability of identical or similar investment...
Law Group Argues That Court Misapplied ‘Thole’ Ruling in ERISA Case
An amicus brief filed in a case involving Universal Health Services says a district court erred when it found the...
An ESG Refresher as DOL Makes Progress on New Regs
Industry experts are watching for the imminent filing of new Department of Labor regulations pertaining to the use of environmental,...
Participants Challenging Omnicom’s Use of Active TDF Suite See Most Claims Move Forward
A judge left until later the issue of whether passively managed funds and actively managed funds are proper comparators.
10th Circuit Affirms Great-West Fee Suit Dismissal
The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside...
401(a) Plan Sponsor’s Use of Asset Allocation Solution Challenged in Lawsuit
The suit says the solution directed participant contributions into high-cost investments.
ERISA Ruling in 5th Circuit Supports American Airlines Defendants
The appeals court has technically affirmed, vacated and reversed parts of a district court ruling that granted summary judgement against...
MetLife Accused of Favoring Proprietary Index Funds in 401(k)
The lawsuit suggests that MetLife had an imprudent and disloyal preference for its index fund products, in part because of...
Judge Allows Claims in ERISA Suit Against Prime Healthcare to Proceed
The lawsuit challenges the company's use of an active TDF suite in its 401(k) plan, among other things.
Confidential Settlement Reached in Excessive Fee Suit Against Voya
A previous court decision left only one claim in the lawsuit, which was related to fee disclosures.
Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Lawsuit Claims Yum! Brands Misclassified Employee, Denied Him Retirement Benefits
The complaint alleges that the plaintiff met the test for employee status per prior case law, but Yum misclassified him...
Judge Stays Land O’Lakes Lawsuit for Mediation
The Land O’Lakes defendants’ motion to dismiss the suit based on a lack of subject matter jurisdiction and failure to...