Surety Matters

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Displaying 38 results for: Fiduciary Breach
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 07.29.2020

Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches

The Arkansas Teacher Retirement System, or ATRS, has filed a lawsuit against Allianz Global Investors to restore over $774 million in losses allegedly suffered due to negligence, fiduciary and contractual breaches of duty. The suit…
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Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches
ERISA 07.27.2020

Does ERISA Apply to Me?

If you are a plan fiduciary, you must be fluent in ERISA compliance. If you are not, this is the perfect time to understand what ERISA is and how you can become compliant! What exactly is…
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Does ERISA Apply to Me?
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 07.14.2020

Is Personal Information of Plan Participants An ERISA Plan Asset?

Retirement plan sponsors are beginning to see more claims involving the alleged wrongful use of personal information belonging to retirement plan participants claimed to be “plan assets”. The specifics of these allegations is that employers…
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Is Personal Information of Plan Participants An ERISA Plan Asset?
ERISA 07.14.2020

House Passes PPP Deadline Extension

On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
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House Passes PPP Deadline Extension
ERISA 05.22.2020

Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions

The Eleventh Circuit just confirmed their outlook on the Employee Retirement Income Security Act of 1974, or ERISA. The new decision in Williamson v. Travelport, LP 953 F. 3d 1278 (11th Cir. 2020), illuminated the latitude…
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Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions
ERISA 04.22.2020

Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack

A suit has been filed, alleging “actions in allowing an unknown individual to prey on and steal hundreds of thousands of dollars form the retirement savings of the Plaintiff.” The case was filed on behalf…
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Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack