Tag: retirement plan litigation

The defendants were denied summary judgment on all claims.

The complaint alleges that Stadion Money Management and Mutual of Omaha abused their managed account arrangement by putting their own interests ahead of participants’.

The Department of Labor's Employee Benefit Security Administration (EBSA) also alleged in a lawsuit that fiduciaries to two retirement plans failed to administer the plans, leaving participants unable...

No reason was given for why the plaintiff decided on the voluntary dismissal.

The question was included in its petition for writ of certiorari asking the Supreme Court to settle a circuit split about burden of proof in ERISA cases.

In addition to a gross monetary payment of $10.65 million, the university agreed to other non-monetary actions.

In a colorfully worded opinion, the district court judge chides plaintiffs for failing to acknowledge basic facts about the way annuities work and their well-established role in 403(b)...

The complaint stems from defendants’ alleged refusal to pay post-termination benefits to the plaintiff—and a sizable similarly situated class of would-be beneficiaries—pursuant to terms and definitions in plan...

Plaintiffs in the case say the appellate court held them to stricter pleading standards than it did plaintiffs in other Employee Retirement Income Security Act (ERISA) lawsuits.

A lawsuit filed by a participant whose benefit liability was transferred to MetLife in a pension risk transfer (PRT) deal is still ongoing.

As cases against MetLife, Pepsi and American Airlines have been filed, Groom Law Group questions whether these cases may present a new area of potential legal exposure.

The university has pared down to 11 investment options in its 403(b) plan.

The decision breaks from other cases in which district and appellate judges have found plaintiffs did not meet strict pleading standards established by the influential Dudenhoeffer decision.

The settlement agreement leaves open a chance to bring a new claim regarding the offering of a money market fund in the plan.

The plaintiffs accused Edward Jones of favoring its own investments and those of its “preferred partners” in its 401(k) plan, at the expense of performance; they also raised...

A federal district court judge recently moved forward most claims in the case, and a trial date was set for January 14, 2019.

The appellate court found that the allegations showed only that Chevron could have chosen different vehicles for investment that performed better during the relevant period, or sought lower...

One case focused on excessive fees for recordkeeping, administrative, and investment services, and the other focused on revenue sharing.

The parties report they have resolved the case, and the judge dismissed the action with prejudice—meaning another complaint cannot be filed.