Many ERISA 401(k) plan trustees act as intermediaries when participants request a disbursement. If plan assets are invested in funds, some fund shares will be exchanged for cash, and the cash will then “float” as it makes its way from fund to participant. During that process, the float may sit temporarily in a non-plan, non-participant account, and it might earn interest.
A 2014 civil suit filed against gas giant ExxonMobil was dismissed in Faulkner County Circuit Court on July 12. Michelle Ward et al v. ExxonMobil Pipeline Company et al was among five other lawsuits filed against the gas giant following a March 2013 incident where a 22-foot seam in the Pegasus pipeline ruptured and spilled roughly 3,190 barrels of oil near Mayflower and Lake Conway, causing 22 …
Broadband internet access providers regulated by the Federal Communications Commission (FCC) should be focused on proposed regulations, as they will have significant impacts on business practices if passed, according to a senior associate at Orrick. Last month, the FCC closed the comment period for its proposed privacy regulations, raising the question of whether the …
The School District of Lancaster was slapped with a class-action lawsuit Tuesday over its handling of older refugee students. The U.S. District Court suit claims the district steered students to a disciplinary high school, rather than enroll them at McCaskey High School. Six refugees, ages 17-21, are part of the lawsuit.
A long shot federal class-action lawsuit filed by long-time critics of the Dulles Toll Road argues the tolls are unconstitutional and the agency that runs the road does not have the proper authority to exist. The complaint filed in federal court in Washington earlier this month argues that the Metropolitan Washington Airports Authority, which also runs Reagan National Airport and …
A federal jury in Columbus says DuPont should pay 500 thousand dollars in punitive damages to an Ohio man in a chemical illness lawsuit. Earlier this week, the same jury ruled a chemical used by DuPont at its Washington Works plant in West Virginia, C8, caused the man to get cancer and awarded him 5.1 million dollars. A DuPont spokesperson says the verdict will be appealed, and jurors were …
In 2012, journalist Marie Colvin—renowned for her brave, humanizing reporting in high-conflict areas—was killed in Syria during a rocket strike. Four years later, her family has filed a wrongful death lawsuit against the Syrian government led by Bashar al-Assad, who they say deliberately targeted her in an effort to silence coverage of the war. The complaint—filed in D.C. on Saturday by the …
In this class action lawsuit in a California federal court, Shasta Linen Company and all those similarly situated brought an action against Applied Underwriters, Inc. and its affiliate entities. Shasta Linen alleges that the “EquityComp” workers’ compensation insurance program marketed and sold by Applied Underwriters violated the California Insurance Code and Regulatory provisions by …
Reimbursements to Wells Fargo Bank customers in California continue to be doled out following a U.S. Supreme Court ruling in April that denied the bank’s appeal related to a lawsuit involving overdraft fees. Beginning July 1, paper checks were sent to members of a class-action lawsuit who are no longer Wells Fargo customers, according to the bank’s spokesman Kristopher Dahl. Current customers …
The ratings that films are given can be among the most controversial decisions associated with any film. Exactly how one defines what material is suitable for which audience is never a simple question. However, a new lawsuit looks to make the MPAA’s job a little easier.