Compliance August 11th, 2022 Lawsuit Against Northern Trust Over TDFs Will Proceed The defendants’ motion to dismiss has been denied.
Compliance August 4th, 2022 Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance Microsoft is the latest target in a string of lawsuits over the performance of a popular TDF suite.
Compliance August 3rd, 2022 The Most ‘Outrageous’ ERISA Complaints Yet Filed? One fiduciary insurance expert who has long been tracking ERISA litigation says a spate of new complaints filed in recent...
Compliance August 2nd, 2022 Booz Allen Hamilton, Others Face Passive TDF Performance Lawsuits Unlike many other ERISA lawsuits, the complaints suggest the plan fiduciaries in question should have considered more expensive target-date funds...
Compliance July 18th, 2022 Maryland Medical System Lawsuit Clears Dismissal The text of the ruling takes just 13 pages to note that the facts of the case, as pleaded, are...
Compliance July 13th, 2022 MEP Fee Lawsuit Reaches Settlement Case documents show the parties engaged in extensive negotiations before reaching a proposed $1.1 million settlement agreement.
Compliance July 1st, 2022 Kellogg Faces ERISA Managed Account Fee Complaint The new complaint also suggests the company and its retirement plan fiduciaries permitted the payment of excessive recordkeeping fees.
Compliance June 29th, 2022 Excessive Fee ERISA Complaint Targets Cook Group The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.
Compliance June 24th, 2022 MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations Yet another employer has been sued by plaintiffs represented by the law firm Capozzi Adler.
Compliance June 23rd, 2022 Olin Corp. Soundly Defeats ERISA Lawsuit The judge’s opinion sides firmly against the arguments made by the plaintiffs in the case, who are among the many...
Compliance June 22nd, 2022 6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit One expert who works on the fiduciary insurance side of the retirement plan industry calls the appellate ruling ‘the best...
Compliance June 15th, 2022 What’s Been Learned From ERISA Case Proceedings While the prevalence of settlements in ERISA cases means fewer legal conclusions have been drawn by the courts than one...
Compliance June 13th, 2022 Cybersecurity Is Everyone’s Responsibility Retirement benefit plans have deep pockets—filled with both assets and sensitive information—so it only makes sense that they are a...
Compliance June 6th, 2022 IBM Pension Plan Faces Outdated Mortality Data Challenge The plaintiffs are seeking to remedy alleged failures by an IBM pension plan to pay joint and survivor annuity benefits...
Compliance June 1st, 2022 Capital One Financial Beats ERISA Suit The dismissal order grants the plaintiffs, who are represented by the law firm Capozzi Adler, two weeks to file an...
Compliance May 27th, 2022 DENSO International America Faces Multi-Pronged ERISA Suit The complaint includes not just allegations of excessive fees, but also a charge that fiduciaries offered an underperforming stable value...
Compliance May 23rd, 2022 Is the Traditional Fiduciary Insurance Model at Risk? One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually...
Compliance May 18th, 2022 NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit The plaintiffs in the suit, who have already sued their plan sponsor, are now bringing a service provider into the...
Compliance May 18th, 2022 Barnabas Health Latest to Settle ERISA Suit A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than...
Compliance May 12th, 2022 John Hancock Defeats ERISA Foreign Tax Credit Lawsuit Though the court previously allowed class certification in the case, a new order firmly rejects the plaintiffs’ arguments that they...