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401k › Settlement Agreements

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.

Invesco settles their lawsuit

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

A lawsuit against the Invesco 401(k) plan has been settled for $3.47 million. Also, Invesco agreed to modify the investment options offered through the plan’s self-directed brokerage account option so that plan participants...more

Robins Kaplan LLP

Financial Daily Dose 2.20.2020 | Top Story: Fed Minutes Show Central Bank Happy With Economy, Worried About Coronavirus

Robins Kaplan LLP on

Newly released minutes from the Fed’s January meeting show central bankers preoccupied with global risks, including the still-growing economic impact of the coronavirus, while still taking a wait-and-see approach to any...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Northrop Grumman has to shell out $12.4M settlement in 401(k) case

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

Northrop Grumman Corp. agreed on a tentative settlement regarding their 401(k) plan by offering to pay $12.4 million....more

Faegre Drinker Biddle & Reath LLP

What We Can Learn from the Anthem Settlement

Faegre Drinker Biddle & Reath LLP on

The recent settlement of the Anthem class action lawsuit (Bell v. ATH Holding Company, LLC) reflects some trends in 401(k) litigation: the focus on share classes, arguments to support inclusion of non-mutual fund investments...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Avoid Hiring Plan Providers Because They Were “Juiced In”

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

Novant Health, Inc. is a non-profit hospital system based in North Carolina and they agreed to pay $32 million in a settlement regarding a participant lawsuit against their 401(k) plan. What’s so odd about the case is that it...more

Lowndes

Three Simple QDRO Tips to Make Your Agreements More Enforceable

Lowndes on

The purpose of a settlement agreement is to resolve some or all of the outstanding issues in a pending case. In the divorce context, it is common for attorneys to use broad language in their agreements related to the...more

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