In Buckner v. Murray, No. 21-cv-567, 2024 WL 1366785 (D.D.C. Mar. 30, 2024), the court dismissed the United Mine Workers of America 1974 Pension Plan’s suit to collect $6.5 billion in withdrawal liability because the trustees...more
6/13/2024
/ Article III ,
Commercial Bankruptcy ,
Dismissals ,
Employee Retirement Income Security Act (ERISA) ,
Motion to Dismiss ,
Pensions ,
Standing ,
Trustees ,
Trusts ,
Unions ,
Withdrawal Liability
The Fifth Circuit recently reversed a district court’s dismissal of claims that the fiduciaries of a 401(k) plan breached the duty of prudence under ERISA by offering participants retail share classes instead of cheaper...more
5/9/2024
/ 401k ,
Article III ,
Class Action ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fees ,
Fiduciary ,
Investment ,
Recordkeeping Requirements ,
Retirement Plan ,
Reversal ,
Share Classes ,
Standing
In Holland v. Murray, No. 21-cv-567, 2023 WL 2645708 (D.D.C. Mar. 27, 2023), the court held that financial support provided by Congress to a multiemployer pension plan under the Bipartisan American Miners Act (“BAMA”) did not...more