ERISA Ruling in 5th Circuit Supports American Airlines Defendants
The appeals court has technically affirmed, vacated and reversed parts of a district court ruling that granted summary judgement against the plaintiffs; while this sounds like a mixed outcome, the appellate ruling benefits the defense.
Judge Allows Claims in ERISA Suit Against Prime Healthcare to Proceed
The lawsuit challenges the company's use of an active TDF suite in its 401(k) plan, among other things.
Confidential Settlement Reached in Excessive Fee Suit Against Voya
A previous court decision left only one claim in the lawsuit, which was related to fee disclosures.
Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Lawsuit Claims Yum! Brands Misclassified Employee, Denied Him Retirement Benefits
The complaint alleges that the plaintiff met the test for employee status per prior case law, but Yum misclassified him as an independent contractor for 25 years.
Judge Stays Land O’Lakes Lawsuit for Mediation
The Land O’Lakes defendants’ motion to dismiss the suit based on a lack of subject matter jurisdiction and failure to state a plausible claim succeeded only in part, setting the stage for either a full trial or mediation and settlement.
ERISA Lawsuit Filed Against AAA Carolinas
The plaintiffs in the case say that when the plan switched to cheaper share class TDFs, participant accounts should have been ‘repaired.’
Plaintiffs in T. Rowe Price ERISA Lawsuit Denied Interlocutory Appeal
The plaintiffs wanted an appellate court to decide whether a plan amendment requiring the use of T. Rowe Price funds in the firm's retirement plan violated ERISA.
Court Affirms Arrangement Between Sponsor and Recordkeeper Not a Prohibited Transaction
After reviewing a decision in an ERISA lawsuit against Banner Health, the 10th Circuit also found no reason to order the sponsor to implement an RFP process.
High Court Agrees to Review Northwestern University ERISA Suit
The review could clarify what qualifies as a plausible claim for relief in DC plan excessive fee suits.
$5.4 Million Settlement Negotiated in Transamerica ERISA Suit
The settlement agreement also calls for continued fiduciary training for trustees and continued use of an unaffiliated investment consultant.
Judge Denies Dismissal of SERP Benefits Claim Suit
A former Nissan employee made a valid claim for benefits and did not fail to exhaust his administrative remedies, the court said.
Former Employee Claims DuPont Misled Him About Benefits Availability
A federal judge has found it plausible that DuPont was misleading, based on benefits notices sent to the former participant.
Mixed Ruling Issued in MetLife Mortality Table ERISA Lawsuit
The retirees’ main claim is that the plan’s use of mortality tables from 1971 and 1983 to convert default retirement benefits into the alternative benefits that they opted to receive constitutes unreasonable actuarial assumptions.
Judge Significantly Pares Down Claims in ERISA Excessive Fee Suit
Some claims against Konica Minolta and its 401(k) committee were moved forward but all claims against the company’s board were dismissed.
ERISA Excessive Fee Lawsuit Filed Against Generac Power Systems
The complaint includes allegations similar to those in many suits filed over the past few years.
Wake Forest University Baptist Medical Center Sued Over 403(b) Plan Fees
The lawsuit says plan fiduciaries failed to ensure reasonable investment fees and mismanaged revenue sharing to pay for administrative expenses.
CDI Corp. Agrees to $1.8M ERISA Lawsuit Settlement
The retirement plan in question in the suit is substantially smaller than many of those that have faced or settled similar lawsuits, and thus the size of the settlement is also reduced.
Estee Lauder Excessive Fee Suit Moves to Pretrial Conference
A district court judge has denied the defense’s motion to dismiss without offering any explanations for his reasoning in court documents.
Judge Moves Forward Some Claims in Excessive Fee Suit, Rejects Others
A judge found there was no evidence that fiduciaries of B. Braun Medical's retirement plan violated ERISA's duty of loyalty, but he denied dismissal of claims for breach of duty of prudence.