Carol Buckmann was quoted in this Bloomberg Law article analyzing the Texas federal district court decision in Spence v. American Airlines, Inc. and American Airlines Employee Benefits Committee refusing to dismiss the case. She discussed defects in the case that would most likely have resulted in dismissal of this politically-motivated lawsuit in another court.
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Plaintiffs want a retrial to change a jury’s determination that there were no damages from a fiduciary breach involving Yale’s retirement plan. The DOL supports them. Which standard applies?.
Read MoreThe webinar will discuss state retirement savings plan mandates, employer-sponsored plan options that can provide larger benefits than state programs, and tax incentives available to small businesses adopting new plans.
Read MoreHere are some developments that could change things for the better in 2024.
Read MoreThe fiduciary responsibility to review the reasonableness of plan compensation extends to indirect compensation. Failure to do so can result in a non-exempt prohibited transaction.
Read MoreHear guest speaker Dan Aronowitz of Euclid Fiduciary and host Carol Buckmann discuss why fiduciary liability insurance is different from other insurance your organization may maintain and what it covers. Watch the video on demand.
Read MoreCarol Buckmann covers the impact on private equity firms of court rulings discussing specific joint and several liabilities under ERISA plans.
Read MoreShould courts second guess public pension plan investment decisions? This motion to dismiss points out that participants’ benefits are affected by specific investments.
Read MoreMost ERISA lawsuits don’t get to trial, but a recent decision in a 401(k) fiduciary breach lawsuit shows that fiduciaries who follow prudent processes can win.
Read MoreWe invite you to join us on 9/7 for answers to your questions about fiduciary liability insurance.
Read MoreUniversities have been targeted in excessive fee lawsuits. Many have resulted in costly setlements, but good practices can help.
Read MoreNo federal law guarantees restoration of a participant’s account if it is stolen by a cyberthief. ERISA and state law might provide remedies if a participant can establish breach of fiduciary duty or negligence, but plan sponsors and the government can do more to deal with this problem.
Read MoreTwo recently introduced bills would restrict or discourage classes of retirement plan investments. Is this the right policy?
Read MoreA lawsuit challenging the divestment of fossil fuel investments by three New York City pension plans puts a spotlight on the need to follow good fiduciary processes.
Read MoreESG investments are a minefield in the current political environment. A new lawsuit filed against American Airlines and its fiduciaries tries to target all ESG investments as imprudent.
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