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401k › Proprietary Funds › Class Action

Proskauer - Employee Benefits & Executive...

Massachusetts District Court Grants Motion to Dismiss 401(k) Fiduciary Breach and Prohibited Transaction Claims

Proskauer - Employee Benefits & Executive... on

A federal district court in Massachusetts dismissed ERISA fiduciary breach and prohibited transaction claims against 401(k) plan fiduciaries, ruling that the prohibited transaction claims were time-barred and the fiduciary...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Fidelity sued again over their 401(k) plan

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I have always been concerned about the use of proprietary funds, especially belong to mutual fund companies and their use in their own 401(k) plans because they’re ripe to be a target for a class action lawsuit. Fidelity...more

Seyfarth Shaw LLP

No Quick Exit On 401(k) Class Action Alleging Imprudent Proprietary Fund Offerings

Seyfarth Shaw LLP on

Seyfarth Synopsis: A district court recently denied a motion to dismiss a 401(k) proprietary fund class action, continuing an overwhelming trend of allowing these cases to survive pleading challenges....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

….And 403(b) Plans are next on the litigation hit parade

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

It should be no surprise that the rampant uptick in 401(k) litigation is also going to venture into the 403(b) world. Four class action lawsuits were filed against MIT, New York University, and Yale University. The cases...more

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