Browsing Tag
401(k) Litigation
248 posts
Man Accused of Stealing Boeing IDs, Looting Retirement Plan
A federal grand jury on Tuesday indicted an Orange County, California man on charges that he fraudulently obtained…
Fidelity to Pay $28.5 Million to Settle 401k Suit
Fidelity Investments has agreed to pay $28.5 million and change its recordkeeping practices on its own 401k in…
XYPN’s Michael Kitces Responds to SEC Reg BI Ruling
XY Planning Network co-founder Michael Kitces responded Sunday to the Second Circuit Court of Appeals ruling that denied…
Reg BI Challenge Rejected by Federal Appeals Court
A high-profile challenge to the SEC’s Regulation Best Interest was denied by the Second Circuit Court of Appeals…
‘Professional Fiduciaries’ Plead Guilty to 401k Fraud
The disturbing saga of Dallas-based Vantage Benefits Administrators is closer to a form of resolution, as husband and…
Schlichter Wins Again, University to Pay $16.75 Million
Famed fiduciary tort lawyer Jerry Schlichter has done it again—winning settlement concessions from Emory University His firm, Schlichter…
Supreme Court Limits Fiduciary Breach Lawsuits
The U. S. Supreme Court ruled 5-4 Monday that workers can’t accuse pension plan administrators of mismanaging their…
6 Key COVID-19 Considerations for DC Plan Fiduciaries
Just as the world must adjust to the COVID-19 pandemic, ERISA retirement plan fiduciaries must calibrate their processes…
Which 401(k) Plans Get Sued and Why?
It used to be reserved for major 401k plans with deep pockets, but fiduciary lawsuits against plan sponsors…
SEC Stops Alleged Senior Annuity Scam
The Securities and Exchange Commission announced an emergency filing and temporary restraining order against a registered investment advisor…