Tag: Participant Lawsuits

The dismissal of the lawsuit against State Street still stands.

According to the court opinion, as of November 2015, there were more than 270,000 ERISA plan participants in 13,600 retirement plans invested in the fund at issue in...

Plaintiffs in the suit contend plan fiduciaries did not follow ERISA, then claimed "church plan" status when announcing the plan would be terminated.

MassMutual has agreed to pay $30.9 million to former and current participants of the MassMutual Thrift Plan and the Massachusetts Mutual Life Insurance Co. Agent Pension Plan.

The final fiduciary rule is out, so what do you need to know? And, just as important, what can you do right now to prepare?

Litigation is the main concern for DC plan sponsors right now.

The 2nd Circuit used the same logic in prior decisions to determine plaintiffs had not proven Lehman plan fiduciaries violated the Employee Retirement Income Security Act (ERISA).

A new “church plan” lawsuit argues an employer improperly claimed church plan status for its pension—and more fundamentally that church plans themselves may violate the First Amendment to...

Could Google one day be a top provider of investments or financial advice? What about Facebook, or Amazon? 

The firm will compensate certain clients for a proxy voting error the firm made in connection with the leveraged buyout of Dell, Inc. in 2013. 

The National Association for Fixed Annuities filed a complaint in district court to “challenge and vacate the Department of Labor’s final fiduciary regulations.”

Enthusiasm about environmentally responsible investing has bloomed in the wake of recent DOL rulemaking, but a new TIAA survey shows a knowledge gap persists. 

The agency filed a brief in a federal appellate court case about whether Foot Locker misled employees upon conversion from a traditional pension to a cash balance plan.

The appellate court noted that under Amara, if the participants cannot get relief with their benefit claims, they can seek an equitable remedy for breach of fiduciary duty...

The decision was already cited in the Supreme Court's order regarding the Verizon pension risk transfer lawsuit.

The recent judgement against AIT Laboratories adds nearly $3.5 million to previous collections, now totaling more than $7 million. 

One accusation in the lawsuit is that Fidelity receives "kickbacks" from Financial Engines.

The settlement agreement calls for Saint Francis Hospital to contribute $107 million to fund its pension plan.