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Employee Stock Option Articles

Wal-Mart Faces Pension Plan Lawsuit

May 21, 2012. By Heidi Turner.

Los Angeles, CA: In addition to allegations of bribery, Wal-Mart now faces a lawsuit filed by a pension plan, which alleges the company breached its fiduciary duty. The latest retirement plan lawsuit was filed in relation to the Mexico bribery scandal and alleges the giant retailer failed in its duties to the pension plan. The lawsuit was not filed under ERISA plan laws, but is still related to retirement plans.

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JP Morgan Chase Hit with Class-Action ERISA Lawsuit

April 12, 2012. By Gordon Gibb.

New York, NY: In this ERISA plan, the goal is to have losses restored—that's the idea behind a class-action lawsuit filed April 4 in the United States District Court for the Southern District of New York against financial powerhouse JP Morgan Chase & Co. (JP Morgan).

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ERISA Lawsuit Plaintiffs Worked Hard for the Money

March 13, 2012. By Heidi Turner.

Winston-Salem, NC: Employees who filed an ERISA lawsuit against N.C. Baptist Hospital could begin receiving their ERISA plan settlement money as early as April. The lawsuit alleged ERISA investment fees charged to employees were higher than what other corporate clients paid, which reportedly constituted a violation of ERISA laws.

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Changes to ERISA Plan Laws Affect Employees

February 15, 2012. By Heidi Turner.

Ontario, CA: ERISA plan lawsuits can be difficult for employees. Although ERISA stock plan and ERISA savings plan fiduciaries owe a duty to plan participants, proving that a fiduciary has breached that duty can be troublesome, especially in grey areas such as determining what constitutes a fiduciary or what constitutes excessive fees.

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2012 to See Changes to ERISA Plan Laws

January 16, 2012. By Heidi Turner.

Chicago, IL: Thanks to regulatory changes, 2012 will see some important changes to ERISA plan laws. Those changes will hopefully help ERISA pension plan participants and participants in company-sponsored employee savings plans better understand how those plans are managed. Changes to the Employee Retirement Income Security Act (ERISA) may not only help employees understand their rights but may also help clarify regulations when employees file an ERISA lawsuit.

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ERISA Plan Employee Sues Employer Over Millions in Losses

December 7, 2011. By Gordon Gibb.

Pittsburgh, PA: The whole idea behind an ERISA plan as a vehicle to park and grow employee retirement benefits is to provide the plan participant a level of protection against losses caused by mismanagement of the plan or imprudent investments. To that end, an employee of Bank of New York Mellon Corp (BNY Mellon) filed a lawsuit against her employer alleging a breach of fiduciary duty in managing the assets of the plan.

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ERISA Plan Lawsuit Settled for $6.5 Million

November 18, 2011. By Heidi Turner.

Kansas City, MO: An ERISA plan lawsuit has recently been settled for approximately $6.5 million. The lawsuit alleged a company mismanaged its employee savings plan, a violation of ERSIA plan laws. Employees who feel their employers have mismanaged employee stock options plans or savings plans may be eligible to file an ERISA lawsuit against their employer or plan fiduciaries.

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Lehman Brothers Wins Dismissal of ERISA Plan Lawsuit

October 24, 2011. By Heidi Turner.

New York, NY: Lehman Brothers has won dismissal of an ERISA plan lawsuit filed by beneficiaries of the bank's employee stock plan. The plaintiffs alleged in their lawsuit that the defendants breached their fiduciary duty to people who invested in the employee stock plan, a violation of ERISA law.

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Federal Agency Looks to Amend ERISA Plan

October 3, 2011. By Charles Benson.

Washington, DC: The Employee Benefits Security Administration is reportedly looking to make changes to a portion of the Employee Retirement Income Security Act (ERISA), according to The New York Times.

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Nortel Settles ERISA Benefits Lawsuit

September 22, 2011. By Heidi Turner.

Washington, DC: Nortel Networks Corp. is the latest company to settle an ERISA plan lawsuit, which alleged that the company violated ERISA benefits laws. Employees who believe their company has violated an ERISA pension law can file an ERISA investment lawsuit to recover losses.

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