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7th Circuit Court Issues Decision on Cybertheft of Retirement Plans


Wednesday, October 21, 2020
An Illinois district court issued a split decision in a case involving the cybertheft of retirement plan assets, allowing the plan administrator and plan sponsor to be dismissed, but requiring the recordkeeper to defend allegations that it breached its fiduciary duties under the Employee Retirement Income Security Act (ERISA). Bartnett v. Abbott Laboratories, et. al. (N.D. Illinois, Case No. 1:20-cv-02127) is one of several recent lawsuits filed against plan sponsors and recordkeepers for allowing cyber-thieves to pilfer large distributions from participants’ retirement plan accounts.
Heide Bartnett, a former employee of Abbott Laboratories (Abbott) and participant in Abbott’s 401(k) plan, alleges that a hacker accessed her 401(k) account online, changed the password, added a new bank account and requested a $245,000 distribution from the 401(k) plan’s recordkeeper, Alight Solutions LLC (Alight) to be deposited into the newly add ....

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RHOBH star Erika Jayne's lawyer husband Tom Girardi says his fortune is gone


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Real Housewives of Beverly Hills star Erika Jayne s lawyer husband Tom Girardi testified in the fall that he s broke
At one point I had about 80million or 50million in cash. That’s all gone, Girardi said this fall during testimony in one case
Girardi, 81, faces a slew of lawsuits accusing him of mishandling clients funds 
He also faces demands in court for payment from creditors, lendors, his first wife and a security company that once guarded his Pasadena mansion
On Monday an Illinois judge froze his and his law firm s assets 
In that case he was accused of mishandling money meant to go to the families of victims who died in the 2018 Lion Air crash  ....

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