DOL Secretary Objects to Provision in Settlements of DST ERISA Lawsuits
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.
Tag: ERISA
Mercedes-Benz Is Latest National Brand to Face ERISA Litigation
Similar complaints have met different fates in the courts, based largely on the degree to which judges feel the preliminary...
Schlichter Strikes Again, This Time Against Takeda Pharma’s 401(k)
The lawsuit alleges that plan fiduciaries selected unproven TDFs for the plan, failed to monitor them and failed to replace...
Court Filing Details $13M UPenn 403(b) Lawsuit Settlement
Emergence of the settlement details comes after the filing of a stay motion in December.
Lawsuit Says Provider Used Plan to Promote Its Own Funds
Associated Banc-Corp is also accused of allowing the plan to pay excessive recordkeeping fees to its subsidiary.
Dueling Dismissal Motions Denied in BlackRock Self-Dealing Lawsuit
The ruling states there are genuine disputes of material facts as to make summary judgement, whether in favor of the plaintiffs or the defense, inappropriate at this time.
DST Systems, Investment Manager Settle Lawsuit Over Risky Retirement Plan Investment
The lawsuit said the DST Systems Inc. profit sharing and 401(k) plans were invested too much in Valeant Pharmaceuticals.
Vail Resorts Wins Dismissal of ERISA Fiduciary Breach Lawsuit
The Vail Corp. has skied past a fiduciary breach lawsuit, which was dismissed with prejudice in a detailed ruling.
401(k) Plan Administrator Sues VALIC Over Surrender Fees Charged to Plan
The insurer is charged with engaging in a prohibited transaction under ERISA when the fees were charged during a move to a new provider, as well as with...
Plaintiffs Petition SCOTUS in Wells Fargo Stock-Drop Litigation
The plaintiffs’ plea to the Supreme Court questions the precedents set by Fifth Third v. Dudenhoeffer—a 2014 high court ruling that significantly raised the pleading standards for ERISA...
Allstate Faces Additional ERISA Fiduciary Breach Lawsuit
A new complaint filed in Illinois echoes allegations leveled against the insurance company in a complaint from November.
A Few Important Points About the DOL’s Fiduciary Actions
Among other important developments, the Department of Labor has confirmed that one cannot simply write their way out of a functional fiduciary relationship.
Supreme Court Ruling Addresses ERISA Preemption
A recent decision filed by the U.S. Supreme Court has significant implications in the area of ERISA preemption of state laws and regulations, though the direct impact on...
Is the Tide of ERISA Litigation Turning?
One ERISA attorney who tends to represent plaintiffs says the future might hold fewer cases, thanks to certain key Supreme...
ERISA vista
The DOL’s Latest Proposed PTE
How advisers who only do rollovers would avoid prohibited transactions.
Principal Remains as Defendant After CHS Settlement
The proposed agreement stipulates that the class counsel does not intend to seek recovery of any attorneys’ fees or litigation costs from Community Health Systems (CHS) in connection...
Rollins ERISA Challenge Tossed on Technical Issue
The short, pro-defense ruling concludes that the lead plaintiff has not exhausted all potential administrative remedies, making a lawsuit inappropriate at this juncture.
Lawsuit Alleges Fiduciaries Allowed Excessive Fees in Cognizant 401(k)
Fiduciaries are accused of failing to switch to and investigate the availability of lower-cost versions of funds offered in the plan.
After Dismissal, Parties in Cerner Excessive Fee Lawsuit to Discuss Settlement
A federal judge granted Cerner’s motion to dismiss the case then reopened it on the same day, announcing the parties were to discuss a potential settlement.