The Sixth Circuit recently granted an employer win in an ERISA excessive fee case when it affirmed the dismissal of a proposed class action brought by current and former employees of DENSO International America, Inc., a...more
6/12/2025
/ Appeals ,
Appellate Courts ,
Breach of Duty ,
Class Action ,
Corporate Counsel ,
Employee Benefits ,
ERISA Litigation ,
Excessive Fees ,
Fiduciary Duty ,
Litigation Strategies ,
Motion to Dismiss ,
Recordkeeping Requirements ,
Retirement Plan
The U.S. Court of Appeals for the Eighth Circuit recently affirmed a District Court’s finding that Principal Life Insurance Company (“Principal”) did not breach its fiduciary duties regarding its stable value contract for...more
A New York district court recently dismissed, without prejudice, a 401(k) plan participant’s putative class action complaint alleging breaches of fiduciary duty. The plaintiff alleged that the plan fiduciary-defendants...more
Yesterday, the Supreme Court issued its unanimous decision in Hughes v. Northwestern University, No. 19-1401, just one of more than 150 similar class action suits filed around the country in the last few years. The case was...more
Monday, the Supreme Court heard oral arguments in Hughes v. Northwestern University, No. 19-1401, just one of about 150 similar class action suits filed around the country in the last few years. The case was brought by...more
12/7/2021
/ Breach of Duty ,
Class Action ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fees ,
Fiduciary Duty ,
Investment ,
Investment Management ,
Recordkeeping Requirements ,
Retirement Plan ,
SCOTUS
The Supreme Court recently granted the writ of certiorari requested by Northwestern University retirement plan participants, following the Solicitor General’s plea for the Court to hear the case. Hughes v. Northwestern...more
The U.S. Court of Appeals for the Second Circuit recently concluded that investment advisor Ruane Cunniff & Goldfarb must face a proposed class action under ERISA Section 502(a)(2) for breach of fiduciary duty relating to its...more
3/8/2021
/ Arbitration ,
Arbitration Agreements ,
Breach of Duty ,
Class Action ,
Dissenting Opinions ,
Employee Retirement Income Security Act (ERISA) ,
Equitable Estoppel ,
Fiduciary Duty ,
Investment Adviser ,
Mismanagement ,
Motion to Compel ,
Performance Standards ,
Profit Sharing ,
Secretary of Labor
A class action alleging that BlackRock entities favored their own proprietary funds when selecting investment options for BlackRock’s 401(k) Plan is headed for trial after Judge Haywood S. Gilliam, Jr. denied both parties’...more