On August 7, 2025, President Trump issued an executive order entitled “Democratizing Access to Alternative Assets for 401(k) Investors” (the “Executive Order”),1 requiring the Department of Labor (“DOL”) and the Securities...more
8/12/2025
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Defined Contribution Plans ,
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Employee Retirement Income Security Act (ERISA) ,
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Private Equity Funds ,
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Securities and Exchange Commission (SEC)
In Cunningham v. Cornell University,1 the Supreme Court unanimously held that plaintiffs who bring a prohibited transaction claim under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) are only...more