Nevin Adams

A second, separate proprietary fund suit has been filed against a financial services firm — and a separate law firm is looking for plaintiffs to pursue litigation regarding Morgan Stanley’s 401(k).M&T Bank has been slapped with a second class action lawsuit (Allen v. M&T Bank Corp., W.D.N.Y... READ MORE

The first of the suits challenging the Labor Department’s fiduciary regulation recently got its day in court.In oral arguments before Judge Randolph Moss on the U.S. District Court for the District of Columbia, the plaintiffs (the National Association for Fixed Annuities) tried to make the case for... READ MORE

The Department of Labor’s (DOL) final rule outlining the circumstances in which state retirement savings programs would not be treated as creating ERISA-covered pension plans is out.The final rule largely mirrors the proposed rule, while offering some clarifications in response to submitted... READ MORE

The law firm of Schlichter, Bogard & Denton has filed four more lawsuits against multibillion-dollar plans that have allegedly “allowed unreasonable expenses to be charged to participants for administration of the plans, and retained investments with excessive costs and poor performance... READ MORE

Another lawsuit has been filed against a multibillion-dollar university retirement plan — but it’s not their 403(b) plan — and the law firm of Schlichter, Bogard & Denton isn’t involved. This one, filed by Sanford Heisler, LLP, is a class action filed in the U.S. District Court for the... READ MORE

Another day, another “jumbo” university plan accused of not fulfilling its fiduciary duties, though this one has a couple of different twists.Adding to the seven such lawsuits already brought by the St. Louis-based law firm of Schlichter, Bogard & Denton is a new one brought against the Emory... READ MORE

The devil is often in the details in litigation — but now the “devils” find themselves in the defendant’s chair.In this case we’re talking about the (Blue) Devils — specifically, Duke University, which has, in the most recent class action filing by the law firm of Schlichter, Bogard & Denton,... READ MORE

State-run retirement programs for the private sector — and those who might be affected by them — could soon get some additional clarity from the Department of Labor (DOL). That would come via the final DOL rule intended to clarify that state savings initiatives would not be subject to ERISA... READ MORE

As the dates for oral arguments approach, another set of plaintiffs have made their case for a quick summary judgment decision in their favor. The latest filing, on behalf of the American Council of Life Insurers and National Association of Insurance and Financial Advisors, challenges “the attempt... READ MORE