Posts Tagged ‘lawsuit’

Headline Image - Lawsuits Over the Years and What it Means for Plan Sponsors - Resized

Formation of Lawsuit Trends

The barrage of excessive fee lawsuits filed in 2006 started a trend that continues to this day. At first, plan sponsors saw early signs of success in getting cases dismissed.

However, this changed after a few years when participants started honing in on claims of self-dealing, i.e. the plan’s fiduciaries benefitting themselves at the expense of the plan’s participants. Dozens of additional lawsuits have been brought, and plan participants have won both trials and settlements, totaling over $6.2 billion to date.[1] Read the rest of this entry »