Tag: ERISA

The Employees’ Retirement System of the City of Milwaukee says the investment managers' failure to follow the promised investment strategy of the funds resulted in massive losses.

Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.

The lawsuit contends that, in most cases, the managed account service added no material value to participants, creating asset allocations 'not materially different than' those of the age...

The plaintiffs in the case claimed the company implemented a corporate restructuring in a way to avoid pension plan obligations.

The lawsuit against Principal Global Investors and related entities was abandoned.

The Supreme Court has denied review of the lawsuit accusing Principal Life Insurance Co. of violating ERISA by setting the crediting rate for a guaranteed investment contract such...

A district court in California has proven to be skeptical of claims suggesting that active management funds are categorically imprudent retirement plan investments; the ruling also defends the...

The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim...

A federal judge found Abbott defendants were not fiduciaries with regard to the alleged acts, but claims against Abbott's retirement plan recordkeeper were allowed to stand.

The proposed class action lawsuit against TriNet HR follows the same template as numerous others filed by the law firm Capozzi Adler.

The lawsuit suggests the plan sponsor has failed to consider the use of collective investment trusts and attempts to paint this and other actions as fiduciary breaches.

A federal judge said attorneys ignored red flags about their expert witness and that they 'manufactured' the case.

New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.

Allegations in the lawsuit against Barnabas Health closely parrot other proposed class action complaints filed in the past year against health care systems by the law firm Capozzi...

Creating a requirement for recordkeepers to provide lifetime income projections is a popular idea, but the EBSA’s proposed framework is...

The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.

Parties agreed that a payment of $225,000 will settle the remaining claim in the case related to the share class of the TIAA-CREF Lifecycle Funds.

The drumbeat of Employee Retirement Income Security Act (ERISA) excessive fee lawsuits rolls on.