Case Highlights Status of the Case: Motion for Class Certification is pending a decision. Cigna’s Motion for Partial Summary Judgment is pending. Prudential’s Motion for Judgment on the Pleadings stayed until trial. Discovery has commenced. On June 21, 2013, the parties filed a motion to settle the case. On October 15, 2013, the settlement was … Continue reading Nolte v. Cigna Corp.
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
Today, June 21, 2013, the parties in Nolte v. Cigna Corp. filed papers indicating they have settled their lawsuit and are now seeking approval of the district court. Key defendants in the case are Cigna Corp. and Prudential Retirement Insurance And Annuity Company (PRIAC). In total, they have agreed to pay to plaintiffs $35 million and … Continue reading Breaking – Cigna and Prudential Settle Excessive Fee Lawsuit for $35 Million
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