JD

An excessive fee suit where plan fiduciaries had prevailed on most issues — has now settled the remaining claims. The suit — filed in mid-2020 by seven former employees of Schneider Electric Holdings, Inc. — had targeted Schneider Electric, the two committees that oversee the $4.5 billion plan,... READ MORE

I recently met some friends for lunch – but the only seats available were those high-back stools you basically have to climb up to in order to sit. But that wasn’t the worst of it. As it turned out, my seat…wobbled. Which is to say that it basically rocked even as I sat there. Now, I’m all about... READ MORE

I recently stumbled across an academic study that claimed to find a correlation between higher employer contribution rates and leakage. I will confess to a certain skepticism at that finding. There are, after all, a well-established series of things that contribute to leakage, broadly defined as... READ MORE

I’ve been honored with a lot of praise and congratulations over the past couple of months about my “retirement” (and not a little skepticism about my understanding of the term) — but in quiet moments, there’s been one question that keeps coming up. That question — and it generally arises once... READ MORE

“Following several years of thorough and active litigation…including numerous dispositive and procedural motions, full discovery, and preparation for a twelve-day jury trial originally scheduled for April 2023,” the parties in an excessive fee suit have come to terms. Here participant-plaintiffs... READ MORE

The plaintiffs had claimed the plan fiduciaries had “an imprudent and disloyal preference for its own proprietary funds” — but have now come to terms. Back in September of 2022, participant-plaintiffs Eric Goldstein, Matt Sudol, and Bonnie Zelazek, individually and as representatives of a class of... READ MORE

Eli Lilly has withdrawn its motion for attorney fees and costs — a move that says a lot about the cost of litigation in both time and money. You may recall that the defendants in this case are the fiduciaries of the $8.2 billion Eli Lilly plan (as well as the company itself, and the employee... READ MORE

A federal judge has denied the Labor Department’s motion to move a suit involving the so-called ESG regulation from a federal court in Texas to Washington, DC. U.S. District Judge Matthew J. Kacsmaryk denied the Department of Labor’s (DOL) motion (State of Utah et al. v. Walsh et al., case number... READ MORE

Live Nation finds itself in the crosshairs of litigation — and it has nothing to do with Taylor Swift tickets. As it turns out, Live Nation Entertainment Inc. (which merged with TicketMaster in 2010), currently embroiled in controversy about access to tickets for mega star Taylor Swift, now also... READ MORE