TCW Group and Gundlach Reach Settlement
The ongoing legal battle between the TCW Group and Jeffrey Gundlach appears to have reached an end.
Compliance
A Participant Lawsuit Against Employer Crosses State Lines
An employee sued her former employer, alleging it had failed to pay her for unvested shares earned through the company's profit sharing plan.
Investigation into Sale of WCA Waste Corp. Underway
A law firm is investigating the Board of Directors of WCA Waste Corporation for possible breaches of fiduciary duty in connection with the sale of the company to...
Law Firm Investigating Sale of Winn-Dixie Stores
Bull & Lifshitz, LLP, is investigating possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc., to BI-LO, LLC.
Suit Claims Delphi CEO Violated Fiduciary Duty With Tokio Buyout
The Pontiac General Employees Retirement System is suing Delphi Financial Group over its buyout of Tokio Marine.
House Passes Two-Month Renewal of Payroll Tax Cut
The U.S. House of Representatives passed a two-month renewal of the social security payroll tax cut Friday.
IRS Extends Deadline for Opinion and Advisory Letter Applications
The Internal Revenue Service (IRS) has extended the application deadline for opinion and advisory letters for pre-approved defined contribution plan documents.
Court Allows Accused Killer to Use 401(k) Assets for Attorney
A Wisconsin man accused of murdering his wife will be able to hire an attorney using funds from his 401(k).
Fed Aims to Prevent Future Financial Collapses
The Federal Reserve Board proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms.
Two Associations Request Fee Disclosure Extension
ASPPA and the Council of Independent Recordkeepers (ClkR) released a statement responding to the DoL delay of the 408(b)(2) final regulation.
Advance Copies of 2011 Form 5500 Released
The Department of Labor has released informational copies of the 2011 Form 5500 annual report.
Trustee May be Liable for Denial of Benefits to Ex-Spouse
A federal court found the owner of a business, as trustee to its retirement plan, may be held liable for a breach of fiduciary duty related to a...
Senate Passes Short-Term Extension of Payroll Tax Cut
The U.S. Senate passed legislation Saturday extending a Social Security payroll tax cut and jobless benefits for just two months.
IRS Saver’s Credit Helps Workers Save for Retirement
The Internal Revenue Service (IRS) has issued a reminder for taxpayers to take advantage of the saver's credit for 2011.
Backing FINRA, FSI Speaks Up
Dale E. Brown, president and CEO of the Financial Services Institute (FSI), issued a statement regarding Boston Consulting Group’s report about the potential costs of a new self-regulatory organization...