Featured Jobs
|
MAP Retirement
|
|
Retirement Plan Onboarding Specialist Compass
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
Frank Pension Consultants, Ltd.
|
|
PPS Pension Services
|
|
DWC - The 401(k) Experts
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
DWC - The 401(k) Experts
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Recent Developments in Fee Litigation: Has a Tipping Point Been Reached? (PDF)
Proskauer Rose LLP
[Guidance Overview] June 9, 2008
Pages 2-3 of 11 pages. Excerpt: Unfortunately, however, the judicial caution in dismissing lawsuits at a preliminary stage is begetting further lawsuits, as illustrated by the fact that more experienced ERISA plaintiffs' counsel are investigating claims in this area and approximately 30 class action lawsuits have been filed to date. The U.S. Department of Labor has also weighed in on the appeal of the Hecker case, taking positions that would make dismissals at the preliminary stage difficult. In this environment, it is reasonable to assume there will be continued litigation, and that the safe practice is thus to work through and document the prudent processes followed in selecting and monitoring the plan providers and fund investment options offered.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |