LAWSUITS NEWS & LEGAL INFORMATION
ERISA Violation Legal News Articles & Interviews
May 16, 2022. By Anne Wallace.
Read [ Plaintiffs Seek Recusal of Latest Judge in Home Depot ERISA Lawsuit ]
Atlanta, GA On April 15, plaintiffs in Pizarro v. The Home Depot asked U.S. District Judge Steven D. Grimberg to recuse himself because of his association with the Chamber of Commerce, which had filed an amicus curiae brief in support of The Home Depot in 2021. The $140 million class action ERISA lawsuit was assigned to Judge Grimberg on March 4 of this year only after Judge William M. Ray II, who had previously presided over the case, recused himself because he was about to inherit Home Depot stock. This is the fourth re-assignment sought by the plaintiffs.
May 10, 2022. By Anne Wallace.
Read [ Alcoa Fights Retirees’ ERISA Lawsuit over Health Benefits Plan ]
Evansville, IN In December 2020, Alcoa USA Corp. retirees brought an ERISA lawsuit in the Southern District of Indiana to block Alcoa’s announced plan to change the way in which it provided collectively bargained retiree health benefits. The changes at issue in Kaiser v. Alcoa USA Corp. (originally captioned Simpkins v. Alcoa USA Corp.) became effective in 2021 and affect roughly 3,000 retirees and spouses. They were made unilaterally by Alcoa, apparently without negotiating with the workers’ collective bargaining representative.
April 30, 2022. By Anne Wallace.
Read [ Teamsters Sue UPS for Pension and Welfare Contributions ]
Newark, NJ On March 23, the Trustees of the Teamsters Pension Trust Fund of Philadelphia and Vicinity filed a lawsuit in federal court in New Jersey, alleging that UPS had failed to make required contributions to the pension and welfare funds for 2015. The ERISA lawsuit seeks nearly $300,000 in unpaid contributions to the two plans plus attorneys’ fees and other costs.
March 21, 2022. By Anne Wallace.
Read [ Coca-Cola Bottler to Settle ERISA lawsuit for $3.5 Million ]
Charlotte, NC Large independent bottler, Coca-Cola Consolidated Inc., has agreed to pay $3.5 million to settle a class-action breach of fiduciary duty lawsuit that could have involved thousands of plan participants. The ERISA lawsuit was originally brought in 2020 by two participants in the Coca-Cola Consolidated, Inc. 401k Plan. Cheyenne Jones v. Coca-Cola Consolidated Inc. alleges that the plan’s administrative committee breached its fiduciary duty to participants by failing to monitor unreasonable fees and the poor performance of a risky investment option.
February 10, 2022. By Anne Wallace.
Read [ ERISA Lawsuit Nets Nearly $9.4 Million for Plan Participants ]
St. Paul, MN The U.S. Department of Labor has announced an agreement to settle Walsh v. Reliance Trust Co. that will restore nearly $9.4 million to participants in the Kurt Manufacturing Company Employee Stock Ownership Plan (ESOP). The ERISA lawsuit alleged that plan fiduciaries caused the ESOP to buy all the outstanding company stock for nearly $10 million more than it was worth. The sellers of the stock included company directors and the chairman of the board. The DOL claimed that the sellers either knew or should have known that the price was significantly inflated.
January 7, 2022. By Anne Wallace.
Read [ ERISA Lawsuit Against UnitedHealth Subsidiary Gets Class Action Status ]
Madison, WI On December 15, the District Court for the Western District of Wisconsin agreed that plaintiffs in a lawsuit against UMR, the benefits administrator for employer-sponsored UnitedHealth insurance plans, could proceed as a class. As many as 1,600 individuals may ultimately be included in ERISA lawsuit. This appears to have weighed heavily in the Court’s decision that Berceanu v. UMR, Inc. could proceed as a class action lawsuit.
December 29, 2021. By Anne Wallace.
Read [ Bronson Healthcare to Settle Excessive Fee ERISA Lawsuit ]
Kalamazoo, MI Bronson Healthcare and participants in the Bronson Healthcare Group, Inc. 403(b) Tax Sheltered Matching Plan have agreed in principle to settle a proposed class action ERISA lawsuit. The lawsuit focused on the fiduciaries’ decision to include the actively-managed Fidelity Freedom Fund in the plan’s investment portfolio. Details of the proposed settlement have not been disclosed.
December 23, 2021. By Anne Wallace.
Read [ University of Miami to Settle ERISA Lawsuit for $1.85 Million ]
Miami, FL On November 23, the University of Miami and participants in five of its retirement plans agreed to settle proposed class action ERISA lawsuit. The agreement provides for $1.85 million and structural safeguards to protect participants’ retirement savings in the future. The university and the plans' fiduciaries have agreed not to increase current fees for recordkeeping services in the three years after the settlement effective date. As an additional safeguard, the university will also retain an independent fiduciary.
November 23, 2021. By Anne Wallace.
Read [ Rollins v. Dignity Health Creeps toward Settlement ]
Oakland, CA Rollins v. Dignity Health, a nearly nine-year old ERISA lawsuit that has been moving through the federal court system since 2013, may be one step closer to settling. The Northern District of California has preliminarily approved a deal with the addition of an additional sub-class of plaintiffs. The same court rejected proposed settlement agreements twice before on a variety of grounds. This is further toward resolution than the parties have gotten before.
November 7, 2021. By Anne Wallace.
Read [ District Court Greenlights ERISA Lawsuit over Firing to Avoid Severance Pay Obligation ]
Birmingham, AL On September 21, the District Court for the Northern District of Alabama denied AT&T’s motion to dismiss Roy Robinson’s ERISA lawsuit. Robinson v. AT&T Services, Inc alleged that the company fired Robinson to avoid paying him severance benefits. AT&T claimed that he had failed to exhaust internal company remedies before filing his lawsuit. The court’s decision does not address the merits of Robinson’s claim. It simply permits Robinson to proceed to settlement negotiations or to trial.
- Smokers Claim They Were Overcharged for Health Insurance Premiums By Anne Wallace (Oct-8-21)
- Participants Sue $1.52 Billion Baptist Health South Plan for Wasting Retirement Savings By Anne Wallace (Sep-6-21)
- YUM! Brands Recruiter Files ERISA Lawsuit over Misclassification By Anne Wallace (Aug-16-21)
- ERISA Lawsuit Alleges DuPont Underpaid Retirees By Anne Wallace (Jul-21-21)
- Jander ERISA Lawsuit Settles, but Leaves Questions By Anne Wallace (Jul-9-21)
- Participants Sue Bronson Healthcare Plan over Inclusion of Fidelity Freedom Fund By Anne Wallace (Jun-14-21)
- ERISA Lawsuit against the University of Miami Cites Excessive Fees By Anne Wallace (May-17-21)
- KImberly-Clark 401k ERISA lawsuit Alleges Excessive Costs By Anne Wallace (May-10-21)
- Did Detroit Edison Mislead Retirees about Benefits? By Anne Wallace (Apr-13-21)
- Insurer May Renew Defense in Tangled ESOP Lawsuit By Anne Wallace (Apr-2-21)
- Federal Court Okays Class Action Status for 401k Mismanagement Lawsuit By Anne Wallace (Mar-15-21)
- Northern District of Illinois Nixes Mandatory Arbitration in ERISA Lawsuit By Anne Wallace (Feb-8-21)
- Motion Picture Industry ERISA Plan under the Bright, Hot Lights By Anne Wallace (Jan-18-21)
- SAG-AFTRA Health Plan Dumps Oldest Participants By Anne Wallace (Jan-8-21)
- “Abysmal” or “Too Conservative”? Supermarket ERISA Lawsuit to Settle for $17.5 Million By Anne Wallace (Dec-14-20)
- Lubbock National Bank to Settle ERISA Lawsuit for $2 Million By Anne Wallace (Nov-5-20)
- Court Greenlights Class Action Status for Home Depot 401k ERISA Lawsuit By Anne Wallace (Oct-22-20)
- OSF Church Plan Participants Settle for “ERISA Lite” By Anne Wallace (Oct-11-20)
- ERISA Lawsuit Targets ESOP Scam By Anne Wallace (Sep-21-20)
- Biogen ERISA Lawsuit Slams 401k Fiduciaries for Poor Investments, High Costs By Anne Wallace (Sep-10-20)
- 3 Lessons for Plaintiffs in 401k Fiduciary Mismanagement Lawsuits By Anne Wallace (Aug-10-20)
- California Court Rejects Dignity Health Settlement Again By Anne Wallace (Jul-8-20)
- Employee Stock Ownership Lawsuit Unmasks Brazen Corporate Fraud By Anne Wallace (Jun-18-20)
- ERISA Lawsuits Target United HealthCare Reimbursements Practices By Anne Wallace (Jun-10-20)
- Putnam Investments to Settle 401k Self-Dealing Lawsuit for $12.5 Million By Anne Wallace (May-6-20)
- JPMorgan Chase to Settle 401k Self-Dealing Lawsuit By Anne Wallace (Apr-22-20)
- BOEING DEFENDANTS IN STOCK DROP LAWSUIT CLAIM THEY WERE NOT FIDUCIARIES By Anne Wallace (Mar-31-20)
- TIAA ERISA LAWSUIT TARGETS SELF-DEALING IN LOAN ADMINISTRATION By Anne Wallace (Mar-16-20)
- Supreme Court Sends IBM Stock Drop ERISA Lawsuit Back to Second Circuit By Anne Wallace (Feb-11-20)
- Employees May Work 6 Years Longer when Employer Skims Fees off the Top of 401k Plan By Anne Wallace (Jan-22-20)
- U.S. Supreme Court to Hear Oral Arguments in ERISA Breach of Fiduciary Duty Lawsuit By Anne Wallace (Jan-10-20)
- Dignity Health ERISA Lawsuit Inches Toward $100 Million Settlement By Anne Wallace (Dec-10-19)
- Goldman Sachs 401k Plan Participants file ERISA Lawsuit over Self-Dealing By Anne Wallace (Nov-21-19)
- Intel Corp. Investment Policy Committee v. Sulyma to shape ERISA fiduciary lawsuits By Anne Wallace (Nov-7-19)
- Did the Ninth Circuit Gut ERISA Enforcement in Schwab 401k Mismanagement Lawsuit? By Anne Wallace (Oct-21-19)
- Safeway 401k Plan to Settle ERISA lawsuit for $8.5 Million By Anne Wallace (Oct-9-19)
- Fiduciaries’ Desperate Drive to Fund Benefits Backfires By Anne Wallace (Sep-11-19)
- ERISA Lawsuit Charges Plan with Mismanaging Both High and Low Yield Investment Choices By Anne Wallace (Aug-23-19)
- Fidelity 401k Fiduciary Lawsuits Consolidated in Massachusetts By Anne Wallace (Aug-7-19)
- Dignity Health Poised to Settle ERISA Lawsuit for $100 Million By Anne Wallace (Jul-30-19)