Compliance August 18th, 2022 7th Circuit Issues Key Stock Drop Decision in Boeing Max Case One expert attorney says the decision has particular importance to plan sponsors and fiduciaries who have employer stock as an...
Compliance August 17th, 2022 Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation A judge has determined that two law firms, Schneider Wallace Cottrell Konecky LLP and Schlichter Bogard & Denton LLP, are...
Compliance August 16th, 2022 Dover Corporation Faces ERISA Suit Over Managed Account Fees The proposed class action lawsuit challenges excessive managed account fees and the retention of Financial Engines, the managed account service...
Compliance August 15th, 2022 L Brands Settles ERISA Suit After Dismissal Motions Fail The plaintiffs in the case alleged various plan fiduciaries breached their duties under ERISA by allowing the payment of excessive...
Compliance August 15th, 2022 More TDF Underperformance ERISA Lawsuits Filed The new cases closely resemble a host of others filed in recent months that suggest fiduciary defendants selected underperforming target-date...
Compliance August 11th, 2022 Lawsuit Against Northern Trust Over TDFs Will Proceed The defendants’ motion to dismiss has been denied.
Compliance July 22nd, 2022 6th Circuit Ruling Revives Parts of TriHealth ERISA Lawsuit The district court ruling in the case granted full dismissal of the excessive fee lawsuit, but the 6th Circuit has...
Compliance July 20th, 2022 Midsize Health System Latest to Face ERISA Challenge The complaint suggests that, as of the end of 2020, the 401(k) plan at issue had over $465 million in...
Compliance July 18th, 2022 Maryland Medical System Lawsuit Clears Dismissal The text of the ruling takes just 13 pages to note that the facts of the case, as pleaded, are...
Compliance July 15th, 2022 DOL’s ERISA Lawsuit Targets MEP Administrator Kentucky mining industry plan fiduciaries face allegations that they failed to remit participant salary deferrals.
Compliance July 13th, 2022 MEP Fee Lawsuit Reaches Settlement Case documents show the parties engaged in extensive negotiations before reaching a proposed $1.1 million settlement agreement.
Compliance July 11th, 2022 ERISA Complaint Alleges $751K Retirement Account Thievery The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a...
Compliance July 8th, 2022 University 403(b) Plan Faces ERISA Breach Lawsuit The plaintiff has alleged excessive fees for recordkeeping, administrative services and investment management against a large university plan in a new fiduciary breach lawsuit.
Compliance July 1st, 2022 Kellogg Faces ERISA Managed Account Fee Complaint The new complaint also suggests the company and its retirement plan fiduciaries permitted the payment of excessive recordkeeping fees.
Compliance June 29th, 2022 Excessive Fee ERISA Complaint Targets Cook Group The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.
Compliance June 24th, 2022 MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations Yet another employer has been sued by plaintiffs represented by the law firm Capozzi Adler.
Compliance June 23rd, 2022 Olin Corp. Soundly Defeats ERISA Lawsuit The judge’s opinion sides firmly against the arguments made by the plaintiffs in the case, who are among the many...
Compliance June 22nd, 2022 6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit One expert who works on the fiduciary insurance side of the retirement plan industry calls the appellate ruling ‘the best...
ERISA vista Cryptocurrency in DC Plans The DOL explains the digital investment products’ risks and challenges.