With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
The late CEO Brian Thompson, along with two other UnitedHealth Group executives, were accused of dumping stock prior to a Department of Justice antitrust investigation into the company.
These large asset management firms violated antitrust law through climate activism that resulted in reduced coal production and boosted energy prices, according to a lawsuit filed by Texas attorney general Ken Paxton.
After plan sponsors understand which provisions are applicable and when they need to be implemented by, the next step is to determine who will be responsible for the implementation.
The DOL has “shared information with class action law firms to give them a leg up in federal litigation,” House Committee Chair Rep. Virginia Foxx wrote to the DOL’s Inspector General.
New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?
Plaintiffs alleged that Cornell failed to adequately monitor the fees and investments of its retirement plan, according to Jerome Schlichter, a lawyer for the plaintiffs.
Pres. Biden's massive Saving on a Valuable Education plan remains on hold, after a federal judge in Missouri blocked the plan, just one day after a judge in Georgia said it could go forward.