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.

Tussey v. ABB, Inc.

Case Highlights Status of the Case: Judgment was entered largely in favor of the Plaintiff plan participant for about $37 million on March 31, 2012. ABB and Fidelity have appealed to the 8th Circuit. Their appeal briefs have been filed. Plaintiffs filed their brief, which is available below. Numerous parties have filed amicus briefs in … Continue reading Tussey v. ABB, Inc.

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

Welcome

Welcome to the FRA/PlanTools blog. The contributors to this blog will be David J. Witz, Managing Director, Thomas E. Clark, Jr., Director of Fiduciary Oversight and Justin D. Witz, IT Director. The goals of this blog are simple. To provide original and informative content to plan sponsors, advisors, consultants, ERISA attorneys, CPAs, and anyone else … Continue reading Welcome