Following the U.S. Supreme Court's decision in Hughes v. Northwestern University, courts around the country continue to articulate the pleading requirements for a breach of duty of prudence claim under the Employee Retirement...more
9/23/2022
/ 401k ,
Benefit Plan Sponsors ,
Class Action ,
Colleges ,
Defined Benefit Plans ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fees ,
Hughes v. Northwestern University ,
Management Fees ,
Plan Participants ,
Putative Class Actions ,
Retirement Plan ,
Retirement Plan Providers ,
Transaction Fees ,
Universities
The U.S. District Court for the Northern District of Illinois has dismissed a putative class action lawsuit brought under the Employee Retirement Income Security Act of 1974 (ERISA) by a participant of 401(k) plan against the...more
In a pair of opinions issued on Aug. 20, 2019, the U.S. Court of Appeals for the Ninth Circuit expressly overruled its 35-year precedent that Employee Retirement Income Security Act (ERISA) disputes were not arbitrable. The...more
8/27/2019
/ 401k ,
Appeals ,
Arbitration ,
Charles Schwab ,
Class Action Arbitration Waivers ,
Duty of Loyalty ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Employer Liability Issues ,
Employment Litigation ,
Fiduciary Duty ,
NLRA ,
Plan Documents ,
Precedential Opinion ,
Prohibited Transactions ,
Putative Class Actions ,
Unenforceable Contract Terms