Tag: retirement plan litigation

The financial services company is facing self-dealing allegations that closely echo those filed—with mixed results—against many of its industry peers.

The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.

A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...

The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of...

The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to...

The proposed settlement agreement also includes non-monetary terms.

Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large...

Allegations in the underlying lawsuit match those included in an emerging class of cases filed against large employers across the United States.

The judge ordered that the case proceed to trial on the merits in the absence of a voluntary resolution of...

The decision means the fiduciary breach lawsuit filed against the Land O’Lakes dairy company will keep churning through the courts—or...

The underlying lawsuit involves claims that plan fiduciaries failed to adequately protect a participant’s account, allegedly resulting in the theft of funds.

The $800 million retirement plan in question is used by participants dispersed across 65 independent U.S. Coca-Cola bottlers.

Participants of a terminated 403(b) plan say the plan sponsor's fiduciary breaches caused them approximately $4.6 million in losses.

For most claims regarding the use of alternative investments in Intel Corp.'s retirement plans, the judge found the plaintiffs didn't...

The settlements include a provision that would bar Secretary of Labor Eugene Scalia from continuing his efforts in a lawsuit he filed regarding the same matter.

Similar complaints have met different fates in the courts, based largely on the degree to which judges feel the preliminary...

The lawsuit alleges that plan fiduciaries selected unproven TDFs for the plan, failed to monitor them and failed to replace...

Emergence of the settlement details comes after the filing of a stay motion in December.

The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.