Since we last discussed environmental, social, and corporate governance (“ESG”) developments in the context of ERISA retirement plans, ESG litigation has taken a rather unexpected turn. Although the plan lineup in Spence v....more
3/7/2025
/ Corporate Governance ,
Duty of Loyalty ,
Employee Benefits ,
Employer Liability Issues ,
Environmental Social & Governance (ESG) ,
ERISA Litigation ,
Fiduciary Duty ,
Investment ,
Investment Management ,
Pension Funds ,
Pensions ,
Popular ,
Retirement Plan
In five recently filed class action lawsuits, 401(k) plan participants allege that plan fiduciaries violated ERISA by using plan forfeitures to offset employer contributions instead of paying plan expenses. The use of...more