Even though the bulk of their claims were thrown out, 401(k) participants still won a key legal victory in a suit against their employer when a judge ruled the selection of three retail-class funds constituted a fiduciary breach.
The 9th U.S. Circuit Court of Appeals has ruled that while workplace contracts may be subject to out-of-state law, actual workplace terms and conditions affecting workers in California are governed by state statutes.
June 22, 2010 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has approved a global settlement agreement providing for recovery of an additional $7.8 million for the pension plan clients of AA Capital Partners.
A coalition of New York brokers recently filed legal action to prevent the New York Insurance Department from implementing a regulation requiring insurance producers to disclose compensation from insurance companies to their clients.