Is 401(k) fee litigation over? Now that many of the cases contending that large 401(k) plans paid too high fees have been settled or decided, it would be tempting for plan sponsors that haven’t been sued to breathe a sigh of relief. They should not do so, because litigation continues unabated with new theories and targets.
Megan van Ooyen is a senior associate business operations specialist in the OpRisk Global Data group at SAS in North Carolina It’s been two years since the peak of the regulatory fallout from residential mortgage-backed securities. Since then, regulatory fines and settlements, which tend to result in the largest operational risk losses for financial services firms, have largely settled down. …
A federal district court in California, last Wednesday, rejected the proposed settlement of a class action lawsuit against Similasan Corporation (Allen v. Similasan Corp., Case N. 12-cv-376-BAS-JLB, S.D. Cal.). Among other claims, the company was accused of engaging …
The Navajo Nation announced Monday plans to file a lawsuit against the Environmental Protection Agency over damage stemming from last year’s Gold King Mine spill, calling it an “unprecedented environmental disaster.” The New Mexico-based nation is scheduled to hold a press conference Tuesday on its reservation near the San Juan River, which was contaminated after an EPA-led crew accidentally …
The Justice Department filed a complaint today alleging that United Airlines Inc. violated the employment rights of U.S. Air Force Reservist Lieutenant Colonel Daniel Fandrei under the Uniformed Services Employment and Reemployment Rights Act (USERRA). According to the complaint, United violated USERRA by denying Fandrei employment benefits during his military leave that it grants to other …
A judge declined to immediately decide whether to suspend Californiaâs nationally watched school vaccination law after a hearing Friday in downtown San Diego. The courtroom session took place as the law, one of the toughest of its kind in the United States, is being rolled out for the first time with resumption of K-12 classes from Chula Vista to Los Angeles to San Francisco. U.S. District …
American aid to Israel is illegal under a decades-old law that prohibits aid to nuclear powers that have not signed the international Nuclear Non-Proliferation Treaty (NPT), according to a lawsuit filed in federal court in Washington, DC. The lawsuit, filed this week by Grant Smith, the director of the Institute for Research: Middle Eastern Policy, comes as the US and Israel have closed many of …
Lawyers for Ron Hickman of Harris County filed a lawsuit asking a federal judge to toss out a lawsuit filed by a rape victim whom prosecutors got a judge to put in jail after the victim had a mental breakdown while testifying against her accused rapist. Channel 2 exposed the situation of “Jenny” and another rape victim who were held in jail so prosecutors could make sure they testified against …
The Shareholders Foundation, Inc. announces that a lawsuit was filed in Illinois on behalf of certain purchasers of shares of Stericycle Inc (SRCL) & (SRCLP) over alleged Securities Laws Violations by Stericycle Inc. The lawsuit seeks to recover damages for certain NASDAQ:SRCL & SRCLP investors. Investors who purchased shares of Stericycle Inc …
Go figure, after eleven seasons of hard work on a television show, all it takes is one on-set altercation and kicking a show’s writer to find yourself out of the job. At least that’s what happened to Thomas Gibson who was fired from Criminal Minds. Initially a suspension, on Friday it was made official that Criminal Minds had lost FBI special agent Aaron Hotchner thanks to the altercation.