Surety Matters

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Displaying 119 results for: Fiduciaries
ERISA 09.08.2020

IHeart Communications Slammed with ERISA Class Lawsuit

iHeart Communications Inc. is now battling a proposed class action in the Northern District of Texas captained by plan participants and beneficiaries of its 401(k) plan. The plaintiffs of the case claim plan sponsors did…
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IHeart Communications Slammed with ERISA Class Lawsuit
ERISA 08.31.2020

Mercy Health 401(k) Plan Participants Sue for ERISA Violations

Former and current plan participants in 401(k) plans sponsored by Mercy Health Corporation are now suing the operators of hospitals/clinics and their fiduciaries for ERISA breaches under the Employee Retirement Income Security Act of 1974. The lawsuit…
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Mercy Health 401(k) Plan Participants Sue for ERISA Violations
Court Bonds 08.31.2020

What You Need to Know About New York Surrogate’s Court Bonds

Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the…
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What You Need to Know About New York Surrogate’s Court Bonds
ERISA 08.17.2020

Omnicom Slammed with Fiduciary Breach

A former worker of Omnicom Group, Inc. is suing the company and plan fiduciaries, accusing them of ERISA violations while managing the firm’s employee benefit plan. The complaint, filed on July 31 in a U.S. District…
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Omnicom Slammed with Fiduciary Breach
ERISA 08.10.2020

Wisconsin Sees Spike in ERISA Class Action Claims

In the past few months, Wisconsin, among other states, has seen a rise in class litigations involving breach of fiduciary duty claims under the Employee Retirement Income Security Act of 1974, or ERISA. These types…
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Wisconsin Sees Spike in ERISA Class Action Claims
ERISA 08.10.2020

What is a Fiduciary Duty?

A fiduciary is an organization or individual that holds the critical power and responsibility of acting on behalf of others. A fiduciary pledges to carry out their daily duties honestly and through good faith. A fiduciary…
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What is a Fiduciary Duty?
ERISA 07.27.2020

Koch Industries Hit with Excessive Fee Lawsuit

Koch Industries is now charged with excessive recordkeeping fees by current and former plan participants in the Georgia-Pacific Hourly Plan. The lawsuit against Koch Industries, Koch Business Solutions, and the Koch Benefits Administrative Committee alleges…
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Koch Industries Hit with Excessive Fee Lawsuit
ERISA 07.17.2020

Estee Lauder Faces 401(k) Excessive Fee Lawsuit

Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
ERISA 07.09.2020

How to Effectively Handle DB Plans Through Covid-19

Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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How to Effectively Handle DB Plans Through Covid-19