UBS Faces Latest 401(k) Forfeiture Lawsuit
The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.
Tag: ERISA lawsuit
9th Circuit Affirms Dismissal of Long-Running Intel Investment Lawsuit
Plan fiduciaries were accused of breaching their duties of prudence by investing some of the retirement plan’s assets in hedge...
6th Circuit Reverses Blue Cross Blue Shield Claim Overpayment Dismissal
Tiara Yachts Inc. accused the health insurance administrator of overpaying medical providers and collecting fees directly tied to ‘inflated’ payments...
Swiss Re 401(k) Participants Drop Empower Allegations
The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its...
Will Supreme Court’s Cornell Decision Cause ‘Avalanche’ of Litigation?
Industry experts worry that a new wave of ERISA lawsuits will follow the ruling that lowered the bar for plaintiffs...
Supreme Court Asks Solicitor General to Weigh In on Home Depot 401(k) Case
District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on...
ESOPs Face Scrutiny Over Cash Holdings in Recent Lawsuits
Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...
JPMorgan Sued for Including ‘Underperforming’ Stable Value Fund in 401(k) Menu
The company was accused of using an in-house stable value investment that underperforms competitors.
Empower Accused of Misusing Participant Data, Cross-Selling in Recent Lawsuit
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Churchill Holdings Settles ESOP Lawsuit
Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.
JPMorgan Hit With 401(k) Forfeiture Lawsuit
The banking giant is the latest company to face litigation over its use of forfeited 401(k) assets.
Sentara Healthcare Sued Over ‘Underperforming’ Stable Value Investment Option
Its 403(b) plan committee was accused of failing to monitor its investment in a stable value investment product offered by...
Capital One Faces Latest 401(k) Forfeiture Lawsuit
The banking company has been accused of using forfeited funds for its own benefit by funding future employer contributions.
Coca-Cola Southwest Faces Lawsuit Over Forfeitures, Target-Date Funds
The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as...
Judge Dismisses Pfizer 401(k) Plan Fee Lawsuit
The pharmaceutical company was accused of charging unreasonable recordkeeping and administrative fees in a complaint filed last year.
6th Circuit Revives Kellogg Excessive Fee Case Over Arbitration Clause Dispute
The appeals court ruled that a Michigan district court wrongly dismissed the lawsuit in April 2023 in favor of arbitration.
Parties in Pentegra MEP Lawsuit Decline Presence of Advisory Jury at Upcoming Trial
A final pretrial conference for the case is scheduled for November 26.
Federal Court in California Grants Dismissal of Thermo Fisher 401(k) Forfeiture Suit
A participant in Thermo Fisher’s 401(k) plan accused the employer and its pension committee of violating ERISA by using forfeited...
Home Depot Sued Over Use of Plan Forfeitures
The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of...
DOL Supports Retirees’ Appeal to Revive Lawsuit Against IBM
The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using...