The Eight Circuit Demands Meaningful Benchmarks in ERISA Fiduciary Duty Claim: Meiners v. Wells Fargo & Co.
on

By Jeremy Root

ERISA Plan Participant must plead meaningful benchmarks to establish a claim for breach of fiduciary duty.

Meiners vs.

...Read More

Post Image
Labor Secretary Acosta: No Further Delays on DOL Fiduciary Rule Rollout
on

Secretary of Labor Alexander Acosta says the Department of Labor’s (“DOL”) fiduciary standard rule will roll out as scheduled in June.

The DOL’s fiduciary rule was scheduled to go into effect in phases starting April 10th.

...Read More

Post Image
Financial Industry Groups Sue To Stop DOL Fiduciary Rule Implementation
on

Just as we went to press, we learned that several financial industry groups have sued the Department of Labor in an effort to block implementation of its new fiduciary standard rule.

...Read More

Post Image
Follow Up On Bi-Partisan House Effort To Address DOL Fiduciary Standard Impasse
on

Following through on a commitment made in November, a group of Democratic and Republican Members of the House have introduced legislation to halt DOL fiduciary rulemaking and establish a different standard for those offering retirement investment advice.

...Read More

Post Image
Recommending Investments to an ERISA Plan For a Fee Imposes Fiduciary Duties: Severstal Wheeling, Inc. v. WPN Corp.
on

No. 10 Civ. 954 (LTS)(GWG), 2014 U.S. Dist. LEXIS 51486 (S.D. N.Y., 4/11/14). Account Administration * ERISA (§§3(21)(A)(i), (ii), 3(38)) * Statutory Definitions (“Fiduciary;” “Investment Manager”) * FRCP (Rule 56) * Fiduciary Standards (Investment Advisers) * Insurance Issues * Pension/Profit Sharing Plans * Scope of Liability Issues (Account Transfers;

...Read More

Read Our Recent Blog