Guttenberg Joins Bracewell & Giuliani ERISA Practice
Jeleen Guttenberg joined the Bracewell & Giuliani LLP law firm, which specializes in employee benefits, ERISA and Executive Compensation matters.
Tag: ERISA
ERIC: Fiduciary Redefinition Could Discourage Assistance
The ERISA Industry Committee (ERIC) warned the Department of Labor (DoL) about the unintended consequences that can result from broadening the definition of fiduciary.
7th Circuit Stock-Drop Rulings Seen as Helping Employers
A federal appellate court recently issued two rulings in stock-drop cases that may play a critical role for future employer-defendants.
Court OKs Class Actions for ERISA Cases
A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...
ERIC: Hybrid Plan Rules Should Encourage Plan Creation
The ERISA Industry Committee (ERIC) submitted to the Treasury Department and Internal Revenue Service (IRS) a series of letters on proposed and final regulations about cash balance and...
Participants Lose Second Attempt in Medtronic Stock Suit
After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties by continuing to offer company...
Court Allows Ambac Stock Drop Case to Proceed
A federal judge in New York rejected claims that plan fiduciaries are immunized against stock drop suits if the plan mandates company stock investments; a decision not commonly...
Ex-Business Owners Responsible for Plan Losses
Former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after they used plan assets to pay...
Judge Settles on Alliant Payout Interest Rate
A federal judge in Wisconsin has ordered Alliant Energy Corp. to use an 8.2% interest rate when it carries out lump-sum distributions from its cash balance program.
EBSA Regulatory Agenda Focuses on Fees
In a live Web chat discussing the Department of Labor’s Employee Benefits Security Administration’s (EBSA) Semiannual Regulatory Agenda, Assistant Secretary of Labor Phyllis C. Borzi said the Agency will...
The Wagner Law Group Names John Sohn Partner
John J. Sohn has been named a partner of The Wagner Law Group, effective January 1.
Lawyer Entitled to 401(k) Distribution
A lawyer accused of financial wrongdoing should receive a 401(k) distribution of his plan savings from his old law firm, but not the employer’s contributions, a federal judge...
Supermarket Stock Drop Case Remains Alive
A federal judge in Pennsylvania has cleared the way for a 401(k) participant to pursue his claim that plan trustees violated their fiduciary duties.
Court Finds Severance Plans Not ERISA Governed
A federal judge in Massachusetts ruled that Alcatel-Lucent USA did not breach its Employee Retirement Income Security Act (ERISA) fiduciary duties through its severance plan disclosures to four...
Hocker Gets Job with First Allied
First Allied Securities, an independent broker/dealer, hired Guy J. Hocker as Senior Managing Director of its pension services division.
Court Dismisses Remaining State Street Stock Drop Claim
A federal judge in Massachusetts has thrown out the remaining claim in a stock drop lawsuit against State Street Corp.
Calif. Bank Hit with Stock-Drop Suit
FirstFed Financial Corp. employees have filed a stock-drop suit alleging the bank kept company stock in its employee-stock ownership plan (ESOP) after it was no longer prudent to...
EBSA Cracking Down on Contribution Fraud
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) announced a series of enforcement actions to protect more than $7 million for workers in retirement plans or...
Diebold Agrees to Stock Drop Suit Settlement
A settlement of $4.5 million has been preliminarily approved by a federal court in a consolidated class action lawsuit against Diebold, Incorporated.