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NY Court Dismisses Cunningham v. USI Ins. 401(K) Class Action

Cunningham v. USI Ins. Servs. NY court dismissed a 401k plan participant’s putative class action complaint alleging breaches of fiduciary duty. plaintiff alleged defendants allowed the 401k plan to pay recordkeeping fees three times what a loyal fiduciary would have paid. ....

Supreme Court , New York , Unninghamv Usi Ins Servs , New York District Court , Fiduciary Duties , Ee Class Action ,

Shielding Attorney-Fiduciary Communications in 401k Cases

A Court ordered defendants in ERISA fiduciary breach case to produce communications with counsel, rejecting the argument that communications occurred in the context of attorneys advising a 401k plan’s sponsor and fiduciaries as to fiduciary liabilities. In re GE ERISA Litig. ....

Abor And Employment , Financial Institutions And Banking , N Re Ge Erisa Litig , Iduciary Liabilities , Ee Class Action , Fiduciary Exception , Risa Litigation ,