Litigation

In an effort to “cater to its retirement plans,” Vanguard has triggered an “elephant stampede”—and a lawsuit. There have been several target-date fund lawsuits of late—but this one came from a... Read More

A new 401(k) suit has been filed—with a participant-plaintiff charging an employer with failing… to let him save as much as he wants to. That’s right—one Lance Baird has accused his employer Hyatt... Read More

A group of workers who accused their employer of using financial penalties to force participation in a workplace wellness program have come to terms with a financial settlement and modifications to... Read More

Capozzi Adler has struck another excessive fee settlement with a billion-dollar plan. This suit was filed by participant-plaintiffs Craig Parmer and Mark A. Laurance against the fiduciaries of the... Read More

Despite a request—and an apparent consideration of that request—the nation’s highest court has decided not to take on a case challenging the CalSavers state-run IRA program for private sector workers... Read More

After what seems a brief respite, another multibillion-dollar 401(k) has been targeted with an excessive fee suit. The plaintiffs here—Keith K. Kruchten, Angel D. Muratalla and William Begani—are... Read More

Last week, a group representing advisors who sell annuities challenged the legality of the fiduciary rule in federal court—and now a second suit filed in a different federal court accuses the Labor... Read More

Noting that “pouring the same old wine into a new bottle does not change the result,” a new lawsuit seeks to vacate the Labor Department’s fiduciary rule as expressed in PTE 2020-02. The suit—... Read More

The ink was barely dry on the Supreme Court’s recent ruling in an excessive fee case—and a federal judge who “…been awaiting the Supreme Court’s decision in Hughes v. Northwestern University,”... Read More

In a ruling likely to make it harder—perhaps much harder—to dismiss excessive fee lawsuits, the U.S. Supreme Court has remanded for further consideration a lower court decision that had favored the... Read More

The addition of an arbitration clause has—for the moment, anyway—paused an excessive fee suit. But what’s interesting is how the court applied the terms of that clause.  The suit ... Read More