Krueger v. Ameriprise Financial, Inc.

Case Highlights Status of the Case: Motion to Dismiss denied. Discovery has commenced. On March 20, 2014, the court issued an order on defendants’ motion for summary judgment that found the 3 year SOL dismissed numerous prohibited transaction claims by the plaintiffs. (see below) Issues: Excessive Fees Imprudent Investments Institutional Share Classes Proprietary Investments Self-Dealing … Continue reading Krueger v. Ameriprise Financial, Inc.

Oracle Sued by Schlichter Bogard & Denton After Recent Cases Against Anthem, Reliance Trust, and BB&T

[This blog is approaching its 3rd Birthday this spring and in celebration we have a new logo and have made some much needed updates to the site. All cases in the menu at the top should be current as to whether it is an active or closed case. We have also started using MailChimp to … Continue reading Oracle Sued by Schlichter Bogard & Denton After Recent Cases Against Anthem, Reliance Trust, and BB&T

Breaking: New Excessive Fee Case Filed By MassMutual Employees

Today, November 5, 2013, in employees of Massachusetts Mutual Life Insurance Company (“MassMutual”) filed an ERISA class action lawsuit against their employer alleging self-dealing and excessive fees. The Complaint in Gordon v. MassMutual, et al. was filed in the District of Massachusetts by six current and one former participant in the MassMutual Thrift Plan. The MassMutual Thrift Plan has … Continue reading Breaking: New Excessive Fee Case Filed By MassMutual Employees

Are target date funds really the next focus of ERISA litigation?

Much has been written about whether target date funds (“TDFs”) will be the next focus of ERISA litigation. For example, this article suggests that TDFs are potentially risky because (1) they may provide “advice” to participants, (2) the underlying investments may violate a plan’s investment policy statement, and (3) the glide path, or debt to … Continue reading Are target date funds really the next focus of ERISA litigation?

The ERISA Litigation Index

For the ERISA fiduciary, there are three primary sources that inform the duties that must be followed: (1) the ERISA statute as passed and amended by Congress and the President (2) regulations and other guidance as written by the Department of Labor, and (3) the written decisions of federal judges. FRA/PlanTools is proud to announce the … Continue reading The ERISA Litigation Index