Fiduciaries of Small 401(k) Targeted in Excessive Fee Suit
The lawsuit argues that even a 114-participant, $9 million dollar 401(k) plan can get lower fees on investments and services.
Tag: Participant Lawsuits
SCOTUS Gives Verizon PRT Suit New Life
The U.S. Supreme Court found an appellate decision regarding a Verizon pension plan risk transfer flawed, considering the trust law underpinnings of the Employee Retirement Income Security Act.
No Sign of Slowdown in ERISA Suits with BB&T Complaint
BB&T Corporation finds itself in the crosshairs of an increasingly active law firm that has dived headlong into filing big-dollar complaints under ERISA.
Government Contractor Accused of Missing 401(k) Payments
The DOL is seeking nearly $250,000 in unremitted employer 401(k) contributions required by government contracts.
Participants File Self-Dealing ERISA Suit Targeting M&T Bank
Add a proposed class action lawsuit against M&T Bank Corporation to the sizable and quickly growing list of new ERISA actions filed so far in 2016.
Kodak Settles ERISA Stock Drop Suit
According to the settlement agreement, more than 21,000 class members will share in the nearly $10 million payment.
Fifth Third Standard Applies to Closely Held Company Stock Suits
A district court judge said her reading of the U.S. Supreme Court's decision in Fifth Thirdv. Dudenhoeffer does not preclude application of the "alternative action" standard to closely...
Court Finds Employee Did Not Have Information to Prove Benefits Claim
The 9th Circuit reversed a district court decision that a participant did not prove he was entitled to benefits, saying the burden of proof should be on the...
Court Affirms Dismissal of Tibble Investment Fee Claims
On remand from the Supreme Court, an appellate court found Tibble forfeited his ongoing-duty-to-monitor argument.
DOL Files ERISA Complaint Against Interactive Marketing Group
A trustee to a profit sharing plan offered by a New Jersey-based marketing firm is accused of abandoning his responsibilities to the plan and its participants.
Court Denies Motions to Dismiss in Fidelity, Putnam Fee Cases
Both excessive fee cases will move forward.
Some Claims Settled in RadioShack Stock Drop Case
The trustees named in a stock drop case have decided to settle, but the RadioShack plan sponsors aren’t conceding.
DOL Asks for Reversal of Dismissal of Fidelity Float Income Suit
In an amicus curiae brief, the agency details why it disagrees with a district court's findings.
Merrill Lynch Wins Dismissal of Excessive Fee Case
Merrill Lynch was not acting as a fiduciary under ERISA, a court found.
BP Deepwater Stock Drop Suit Gets DOL and SEC Consideration
The complicated litigation Whitley v. BP PLC is just the latest stock drop case to be impacted by the big-ticket Supreme Court decision in Dudenhoeffer v. Fifth Third...
Court Approves Settlement in Fifth Third Stock Drop Suit
The case reached the Supreme Court, and set new standards of pleading for lawsuits against retirement plans that hold on to company stock.
Another Review Doesn't Change Lehman Stock Drop Suit Result
The case was sent back through the courts following the U.S. Supreme Court's decision in Fifth Third v. Dudenhoeffer.
Question of Timing Focus of Top Hat Plan Lawsuit
Because an appellate court found claims against Marriott's plan were time-barred, it did not consider the question of whether the plan was a top hat plan.
Beneficiary Designation Case Turns on Plan Documents
A federal district court has ruled for a second time on litigation arising from a dispute over verbal and written beneficiary designations.