Recent Plan Fiduciary Victories in ERISA Single|Stock Fund Litigation

Recent Plan Fiduciary Victories in ERISA Single-Stock Fund Litigation

Recent Plan Fiduciary Victories in ERISA Single-Stock Fund Litigation · Numerous Recent Decisions in Favor of Plan Fiduciaries. In recent months, ...

A Growing Trend: Fiduciary Secures Trial Victory in Excessive Fee ...

The Court found that the defendants followed the IPS's guidelines with respect to the Challenged Funds. In doing so, the Court rejected the ...

Evonik Corporation Beats 401(k) Plan Challenge with Evidence of ...

This case is a significant win for the plan sponsors and fiduciaries who continue to defend their fiduciary process in similar litigations and ...

Guest Post: Health Plan Fee Litigation: The Next Wave of ERISA ...

They have alleged that plan fiduciaries failed to offer the cheapest or best-performing investment options and offered proprietary funds as ...

Another 401(k) Plan Fiduciary Defeats Breach ... - Spotlight on Benefits

The court found that the plan's net fees—after taking into account both recordkeeping and investment fees and reductions to recordkeeping fees ...

ERISA Litigation Update | Insights & Resources - Goodwin

Average settlement amounts were roughly the same as in 2022, and while plaintiffs continued to target smaller plans, the majority of suits ...

Single Stock Fund Litigation: A Growing Circuit Court Split

... Appeal (the Fourth and Fifth Circuits) addressed the fiduciary implications under ERISA of maintaining a single stock fund in a retirement plan investment

2020 ERISA Litigation and Significant Issues in Litigation

... ERISA by causing the Plan to purchase the RVR stock in the Transaction. ... fiduciary capacity to any ERISA-covered plan. On September 30, 2019, the ...

Fourth Circuit Affirms Aon's Trial Victory in Investment Suit

The Fourth Circuit affirmed Aon Hewitt Investment Consulting's trial victory in a 250000-member class action suit alleging that Aon breached ...

ERISA, Pension & Benefits Litigation - Paul, Weiss

U.S. Bank, the Supreme Court held that participants in a defined-benefit pension plan governed by ERISA lacked standing to sue for breaches of fiduciary duties ...

Lessons From Wood Group's Success in ERISA Defense Over ...

After a nine-day bench trial, the court concluded the defendants complied with the duties of loyalty and prudence they owed to the plan ...

2023 Retirement Plan Litigation Highlights | PLANADVISER

According to a recent article from Brach and Eichler LLC, from 2019 through mid-2022, more than 200 class action lawsuits were filed against 401 ...

Recent Developments in ERISA 2023 - American Bar Association

At the end of November, the Department of Labor (DOL) issued final regulations on ERISA's fiduciary duties when investing plan assets. According to the DOL, ...

The Recent Wave of ERISA Litigation Is Turning into a Tsunami

Finally, the complaint alleges that the plan should have included a stable value fund ... unitized structure of the BB&T company stock fund in the plan, an issue ...

ERISA Employee Benefit Plan Litigation - Carlton Fields

First Circuit held that insurer's general account funds backing the RAAs were not plan assets and that insurer did not breach any fiduciary duty under ERISA by ...

Employer Stock Fund Litigation - Employee Benefits & Executive ...

... fiduciary duties in violation of ERISA. Under the Plan, participants made contributions into an individual account and directed the Plan to invest those ...

ERISA 2023 Year in Review - DeBofsky Law

Disberry sued the plan, its recordkeeper, and the custodian bank which was holding the funds at issue for breach of fiduciary duty based on the ...

Minding the Store: Unanticipated ESG Issues Affecting ERISA ...

... fiduciary decisions highlights the risks to plan fiduciaries of being caught up in litigation premised ... ERISA litigation, hedge funds, ...

How retirement security litigation has impacted the defined ...

Lawsuits also have prompted, among other things, increased fiduciary attention to the offering of company stock in 401(k) plans, focusing on ...

ERISA Litigation - Butterfield Schechter LLP

When a retirement plan provider violates ERISA, wrongfully denies a claim, or a plan sponsor breaches their fiduciary duty, many employees may be affected. Plan ...