Browsing Tag
401(k) Litigation
249 posts
Two Men Convicted for $20 Million Retirement Investment Fraud
The face up to 90 years and 200 years, respectively, in prison
Former Advisor Sentenced in Elder Fraud Scheme
He solicited funds by telling potential investors they would double, triple, or quadruple their investments
Hughes v. Northwestern: A Missed Opportunity to Establish a Workable Pleading Standard
Authors Myron D. Rumeld, Tulio D. Chirinos and Daniel Wesson of New York-based law firm Proskauer say the Supreme Court’s recent high-profile ruling does come with a potential silver lining for plan fiduciaries
401k Market Minute: Elton John Says Farewell, More Retiree Scams, and a Hot M&A Market Gets Hotter
Elton John says farewell to fans with the help of the Alliance for Lifetime Income. Like the Alliance…
Why the Fed is Caught in an Inflation Trap
It’s widely recognized that quantitative easing is a dangerous experiment of magnitude that has never been conducted before.
Hughes v. Northwestern Bottom Line: Harder to Dismiss Cases
Recent Supreme Court opinion means steady flow of 401k and 403b excessive fee cases expected to continue, with motions to dismiss less likely to be granted
401k Market Minute: Major Win for Jerry Schlichter, Target Date Fiduciary Traps, and More
Here's what's happening.
Plaintiffs Score Win in Excessive Fee Case Vs. Northwestern
The U.S. Supreme Court vacated the lower court ruling in Hughes v. Northwestern University, an excessive fee case that claimed a breach of fiduciary duty
Milliman 401k Plan Sued for Use of ‘Untested’ Target Risk Funds
Complaint seeking class action status says plan fiduciaries violated ERISA by losing up to $85 million invested in poor-performing target risk fund series
SEC Halts Ponzi Scheme Targeting Veterans’ Retirement Funds
Many fraudsters take advantage of the trust that having something in common creates, called affinity fraud