Tag: Participant Lawsuits

The complaint says each time the plan paid fees to Neuberger Berman, or other Neuberger entities, in connection with the investments in proprietary funds, the defendants caused the...

In addition to calling out Franklin Templeton for using high-cost proprietary funds in its plan, the lawsuit challenges its choice to offer its money market fund rather than...

The appellate court remanded the case back to a district court for further proceedings.

Both petitions to the high court question whether ERISA's church plan exemption applies so long as a pension plan is maintained by a qualifying church-affiliated organization, or whether...

The lawsuit was filed after disclosure of Foreign Corrupt Practices Act violations in Avon's China operations.

Although the consultant is not named as a defendant in the suit, a former pension plan participant argues she was a fiduciary of the plan, rendering the named...

Corporate class action litigation often comes in waves—certainly this is the case in the retirement planning industry, which has seen a rash of “self-dealing” lawsuits filed against service...

A second stock drop case has emerged in just the last week targeting a Target Corporation ESOP retirement plan. 

As investment adviser to the Checksmart 401(k) plan, Cetera Advisor Networks, has been accused of breaching fiduciary duties by only making available high cost funds to the plan.

Terms of Conco Inc.'s reorganization plan do not allow ESOP participants to sell shares to a third party, a court found.

An appellate court has partly reversed the dismissal of claims against Berkshire Hathaway retirement plan fiduciaries accused of violating ERISA benefit cutback provisions. 

Recognizing the new pleading standards set forth in Fifth Third v. Dudenhoeffer, the lawsuit suggests alternative actions plan fiduciaries could have taken rather than continuing to allow investments...

Float income are not retirement plan plan assets, a federal appellate court ruled.

After 16 years, a court has consolidated and moved forward ERISA claims of agents who had their employment status changed by Allstate.

A district court found the plaintiff did not meet pleading standards set forth in Fifth Third v. Dudenhoeffer.

A participant in Walt Disney Company's retirement plan is suing fiduciaries for not removing a fund that was overly concentrated in a pharmaceutical company's stock.

The complaint says the retention of American Century's proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees.

In addition to calling Fujitsu's 401(k) the most expensive large plan in the country, the lawsuit calls out the defendants design and implementation of custom TDFs.

The plaintiffs in the case have voluntarily dismissed the action.

Under the terms of a proposed lawsuit settlement, Transamerica will have to make structural changes in the way it runs its own retirement savings plan, including changing how...