Displaying 97 results
3 lessons for advisers from 401(k) and 403(b) class-action settlements
Retirement plan advisers need to discuss record-keeping pricing, investment vehicles and the use of participant data with clients
National Holdings facing lawsuit for allegedly retaliating against whistleblower
Chief compliance officer claims she was fired for investigating insider trading by the company's chief executive
California wins auto-IRA lawsuit
The case, the first to address the issue of ERISA pre-emption, is a positive sign for other states.
Another 403(b) plan sponsor beats back fee lawsuit
Washington University in St. Louis joins other colleges that have prevailed in court.
A market sell-off could mean more 401(k) lawsuits
Negative returns and fiduciary risk are positively correlated for 401(k) fiduciaries.
JPMorgan Chase reaches settlement in race case
The largest U.S. bank agrees to pay $19.5 million to members of class-action lawsuit alleging racial discrimination that's 'uniform and national in scope'
Northwestern University beats Jerry Schlichter 403(b) lawsuit
It's the second university to get a complete dismissal, but lawyers say it's too early to tell if this is a harbinger for pending cases.
Lawsuits push 401(k) plan sponsors to cut fees
About 83% of plan sponsors reviewed their fees, and of those, 40% reduced overall fees, according to a new study.
These 401(k) lawsuits show the value of investment policy statements
Abiding a well-crafted IPS can help minimize legal trouble for plan fiduciaries.
Lawsuit filed against first state auto-IRA program
The ERISA Industry Committee is seeking an injunction against the program's new reporting requirements.
University of Pennsylvania wins retirement plan suit
Ivy League school is first elite university to win complete dismissal of such a lawsuit.
Intel sued for investing employee 401(k) funds in hedge funds, private equity
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
Lynn Tilton, the "Wonder Woman of Wall Street," sues the government after it sues her
After the SEC sues her, private equity honcho Lynn Tilton returns the favor and says her case should be heard in federal court rather than by an administrative law judge appointed by the regulator.
Delaware: The Sue-Me State for corporations
In the past year or so, more than 30 major companies have quietly amended their bylaws to say Delaware courts are the only place where shareholders can file lawsuits alleging misdeeds by corporations, their managers or directors.
Employees name investment adviser in 401(k) suit
New targets have surfaced for lawsuits over 401(k) fees: small retirement plans, their investment advisers and service providers.
Couple slaps a feisty Ken Fisher with $1.2M arbitration claim
Fisher Investments, one of the country’s most noted investment advisory firms, has been tagged with a $1.2 million arbitration claim, alleging that it failed to live up to its fiduciary duty during the recent calamitous market meltdown.
Bailout bunch draws ire of own investors: Lawsuites may follow 14 saviors hedge dredge for Meriwether fund
The Hurricane George of the financial markets - the disaster of a hedge fund known as Long-Term Capital Portfolio LP - could prompt a storm of lawsuits against the 14 securities firms and banks that joined forces last week to bail it out.
