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Oracle Sued by Schlichter After Recent Cases Against Anthem, Reliance Trust, and BB&T
Fiduciary Matters Blog Jan. 27, 2016
"[T]here has been a significant uptick in the number of ERISA fiduciary breach lawsuits filed in the last couple of months.... The most recent case filed was just last week against Oracle. The case against Anthem has received a lot of attention. But one that has slipped through the cracks a bit is against Reliance Trust and one its clients. This case may the first of its kind on this scale to go after an outsourced fiduciary who is not related to the plan sponsor. Finally, the case against BB&T will be familiar to readers as involving claims of a providers own in-house plan."
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