Tag: Participant Lawsuits

There was another judicial decision in another revenue-sharing case earlier this month—and another victory for a plan sponsor. 

The Fifth Circuit U.S. Court of Appeals reversed a ruling that allowed John Young, a former trader at Merrill Lynch, to be awarded benefits from the firm’s “Long-Term...

The 3rd U.S. Circuit Court of Appeals has upheld a district court ruling dismissing charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement...

The U.S. District Court for the District of Rhode Island has given a mixed ruling to participants alleging breaches of Employee Retirement Income Security Act (ERISA) fiduciary duties...

A district court has denied participants’ request for attorneys’ fees in their attempt to sue their employer over the selection of funds in their 401(k) plan.

U.S. Secretary of Labor Hilda L. Solis is asking an appellate court to uphold a district court's decision refusing to dismiss a claim that SunTrust plan fiduciaries...

The Investment Company Institute (ICI) said plaintiffs’ contentions in Tibble v. Edison International that so-called “retail” mutual funds offered by the plan would not have been offered by...

A federal appellate court has upheld a ruling that the cash balance plan offered by El Paso Corporation does not violate the Employee Retirement Income Security Act (ERISA)...

I was late to the NetFlix game—switching over only when my local Blockbuster closed its doors.   

A federal judge has denied summary judgment for Kraft in an excessive fee suit.

An $8.2 million settlement has been preliminarily approved by the U.S. District Court for the District of Puerto Rico in the consolidated class action lawsuit against Puerto Rico-based...

A federal court has decided that a top hat plan participant has made adequate allegations of a merger that support her argument that the successor company owes her...

In a recent amicus brief, Secretary of Labor Hilda Solis called for a federal court to overturn a decision in favor of a health plan provider that pre-authorized...

The U.S. Supreme Court has ruled that Janus Capital Group and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in prospectuses...

Secretary of Labor Hilda Solis filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit asking for a rehearing and reversal in the McCravy...

In an amicus brief filed on behalf of plaintiffs in Taylor v. KeyCorp, Secretary of Labor Hilda L. Solis explains her opinion.

Secretary of Labor Hilda L. Solis said a district court correctly held that plan fiduciaries acted imprudently by investing in retail mutual funds that were available as institutional...

The U.S. District Court for the Western District of Tennessee has granted conditional class certification in a lawsuit concerning the 401(k) plan of First Horizon National Corporation (FHN).

With the added support of the U.S. Supreme Court decision in CIGNA Corp. v. Amara, Secretary of Labor Hilda L. Solis again filed an amicus curiae brief with...

The U.S. District Court for the District of New Jersey has dismissed a suit alleging John Hancock charged 401(k) plans excessive fees for investment services.