Court Compels Arbitration in ERISA Case
The plaintiff in a 403(b) ERISA excessive fee lawsuit filed against Baptist Health South Florida has been ordered by a district court to enter an arbitration process.
Tag: retirement plan litigation
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments...
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Lawsuit Alleges Choice of Target-Risk Funds Caused Losses to Participants
Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.
District Court Advances TriNet ERISA Lawsuit
The denial of the defense’s dismissal motion opens the door for either trial or settlement in an ERISA lawsuit that...
Bronson Healthcare to Pay $3 Million to Settle ERISA Lawsuit
The lawsuit challenged the use of an active suite of TDFs versus an index suite, among other things.
Judge Dismisses Most Claims in Intel ERISA Lawsuit
The new ruling, filed in favor of the defendants, is just the latest action in what has been a long-running...
Plaintiffs Refile ERISA Lawsuit, Adding Adviser to Defendant List
The plaintiffs in an ERISA fiduciary breach lawsuit known as Fleming v. Rollins Inc. have refiled their complaint in federal...
Plaintiff’s Severance Agreement Doesn’t Stop ESOP Lawsuit
The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.
Plaintiffs Refile ERISA Complaint Against Prudential
The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they...
Natixis ERISA Lawsuit Clears Early Dismissal
Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to...
Lawsuit Alleges ERISA Breaches by Fiduciaries of Nokia of America 401(k) Plan
Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.
Voya Faces ERISA Complaint Targeting Its Own Plan
Among other allegations, the plaintiffs claim Voya engaged in an imprudent process while selecting and retaining proprietary target-date funds and a stable value option.
Compliance News
Legislative and Judicial Actions
The DOL gives advisers a ‘grace month’ to comply with impartial conduct standards; the IRS ups the contribution limit by...
Retirement Plan Participant Claims Harm From Transamerica Data Breach
In a lawsuit, he alleges the retirement plan service provider did not take steps to protect the personal information of...
Will the Supreme Court Give Plan Sponsors Any Relief From Excessive Fee Lawsuits?
They haven’t gotten any solutions so far from lower courts, but a high court ruling could affect the number of...
Northwestern University Supreme Court Argument Analysis
Two expert attorneys who listened to this week’s oral arguments in Hughes v. Northwestern University say they would “rather be...
Exelon Faced With ERISA Excessive Fee Suit
The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and...
ERISA Suit Dismissal Shows How Claims Can Fall Short
The district court accepted a magistrate judge’s recommendation and dismissed the case based on the plaintiffs’ failure to state an...
DOL Seeks Information From Alight Solutions About Cybersecurity Incidents
Alight has been sued by retirement plan participants whose accounts were hacked, and the Department of Labor is investigating the provider's practices.