Browsing Tag
401(k) Litigation
249 posts
Surprising Fallout in 401(k) Fiduciary Fraud Case
The ongoing saga involving alleged husband and wife grifters Jeff and Wendy Richie, proprietors of Vantage Benefits Administrators,…
Cuomo Forced Into Court in 401k Financial Farce
A welcome addendum to a 401k and financial services first amendment issue happening in the Empire State, one…
Fred Reish: Court Rules in 401k Fiduciary’s Favor
As I previously discussed, the Court’s opinion about the case of Sacerdote v. New York University pointed out the deficiencies in…
Fidelity Faces Second 401k Lawsuit From Employees
Not even a giant like Fidelity is immune. The Boston-based financial powerhouse is under attack by its employees,…
Securities Litigation Hits All-Time High
We thought securities litigation would correlate to a bear market—we were wrong. Lex Machina is out with its…
Mass Regulator Galvin Slams Broker-Dealer and Its REITs
No-nonsense Massachusetts Secretary of the Commonwealth William Galvin said Friday that his office has entered into an order…
No Quick Exit for 401k Class Actions Over Proprietary Funds
A district court recently denied a motion to dismiss a 401k proprietary fund class action, continuing an overwhelming…
After the 401k Executive Order, What Happens with RESA Legislation?
Now that President Trump has announced an executive order to encourage the use of multiple employer plans (MEP)…
Can Arbitration Shield You From 401k Class Actions?
ERISA class action lawsuits are expensive to defend even if you win. Given that 401k (and other) plan…
Advisors Face $100 Million Retirement Scheme Suit
A group of insurance agents, brokers, financial planners and investment advisory firms spanning the country were working together…