Tag: Participant Lawsuits

The Cigna Group is the latest company accused of mismanaging the forfeited funds in its 401(k) plan, and software company...

A federal judge in the Central District of California dismissed the claim that the plan sponsor’s use of forfeited assets...

The jury's verdict and monetary award may serve as a warning for other situations in which plan sponsors and service...

A jury awarded a class of more than 25,000 employees and retirees more than $38 million.

District and appellate courts have split opinions about whether the burden of proof in the excessive fee case falls on...

Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...

The judge argued that the allegations were too speculative to show concrete individual harm and too conjectural to show redressability.

The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s...

The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...

Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement...

The agreement is still pending court approval but would end 7-year court case.

The agreement, in which Costco admits no wrongdoing, also includes mandatory changes to the plan’s fee management process.

At the heart of the complaint were guaranteed investment contracts, a type of group annuity contract sold to retirement plans, issued by Principal to ERISA-covered retirement plan participants.

Echoing its original ruling, the district court’s second take concludes the lead plaintiff’s underlying allegations do not provide “more than a sheer possibility that a defendant has acted...

Beyond the nearly $22 million in monetary terms, the settlement agreement includes substantial prospective relief to be provided by Deutsche Bank.

In this case, the alleged knowledge of an artificially high stock price was rooted in the fact that the company had not disclosed that employees of its foreign...

The panel concludes that the dispute against the University of Southern California fell outside the scope of the arbitration agreements that the participants signed.

After siding with defendants and applying the shorter of two potential limitations periods, the district court decision states clearly that plaintiff’s claims are foreclosed by ERISA's three-year statute...