The 2nd Circuit used the same logic in prior decisions to determine plaintiffs had not proven Lehman plan fiduciaries violated the Employee Retirement Income Security Act (ERISA).
Two national insurance advocacy groups have “reluctantly” joined the growing list of plaintiffs asking the federal courts to declare the DOL’s new fiduciary rule arbitrary and capricious.
A new “church plan” lawsuit argues an employer improperly claimed church plan status for its pension—and more fundamentally that church plans themselves may violate the First Amendment to...
The National Association for Fixed Annuities filed a complaint in district court to “challenge and vacate the Department of Labor’s final fiduciary regulations.”
A coalition of national financial and business trade groups has filed a lawsuit to strike down the DOL’s new regulations that will require most brokers and investment consultants...
The agency filed a brief in a federal appellate court case about whether Foot Locker misled employees upon conversion from a traditional pension to a cash balance plan.
The appellate court noted that under Amara, if the participants cannot get relief with their benefit claims, they can seek an equitable remedy for breach of fiduciary duty...