In a closely watched decision, Intel Corporation Investment Policy Committee v. Sulyma, Slip Op. No. 18-1116 (U.S. S. Ct., Feb. 26, 2020), construing ERISA’s three-year statute of limitations, see ERISA § 413(2), 29 U.S.C. § 1113(2), the Supreme Court held unanimously
ERISA Litigation Advisor
News and Insights on the latest ERISA litigation trends for employers
The ERISA Litigation Advisor blog, published by Jackson Lewis P.C., focuses on legal developments and litigation trends related to the Employee Retirement Income Security Act (ERISA). It covers topics such as fiduciary duties, excessive fee litigation, forfeiture disputes, health plan fee challenges, and prohibited transaction claims. The blog analyzes court decisions, circuit splits, and Supreme Court activity affecting ERISA class actions and fiduciary breach claims. It also addresses practical implications for plan sponsors and fiduciaries, including compliance strategies and risk management in retirement and health benefit plans.
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Northrop Grumman Agrees to Settle 401(k) Excessive Fee Suit
Northrop Grumman has agreed to pay $12,375,000 to settle a class action brought under the Employee Retirement Income Security Act (“ERISA”) by participants in its 401(k) plan. The parties reached the initial terms of this settlement last year minutes before…