In Lee v. Argent Trust Co., the court dismissed ERISA claims challenging an ESOP stock transaction because the plaintiff, who “fundamentally misunderstands the nature of the” ESOP transaction, did not allege that she suffered...more
8/13/2019
/ Article III ,
Class Action ,
Dismissals ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Failure To State A Claim ,
Former Employee ,
Securities Transactions ,
Standing ,
Subject Matter Jurisdiction ,
Trustees
A recent summary-judgment decision explains how individual releases can bar the individual from pursuing ERISA fiduciary-breach claims on behalf of the plan. A plan, employer or fiduciary that wants to ensure a release that...more
5/20/2019
/ Breach of Duty ,
Depositions ,
Discovery ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Fiduciary Duty ,
Former Employee ,
Hiring & Firing ,
Release Agreements ,
Severance Agreements ,
Summary Judgment
Recently, the US District Court for the District of Columbia dismissed a proposed class action lawsuit brought by former Georgetown employees under the Employee Retirement Income Security Act of 1974 (ERISA) over fees and...more
1/30/2019
/ 401k ,
403(b) Plans ,
Breach of Duty ,
Class Action ,
Defined Contribution Plans ,
Dismissals ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Fees ,
Fiduciary Duty ,
Former Employee ,
Investment Management ,
Investors ,
Mismanagement ,
Retirement Plan ,
Universities