May 24, 2024
The Second Circuit appeared reluctant Friday to revive a proposed class action against Deloitte alleging workers' employee 401(k) plans were weighed down by excessive recordkeeping fees, with multiple judges on a panel pointing to a lack of specific cost comparisons to other plans in an amended complaint.
May 01, 2024
The Second Circuit will be asked to revive a 401(k) mismanagement suit against Deloitte, the Sixth Circuit will consider whether to force arbitration of a 401(k) fee suit against two automotive companies, and the Seventh Circuit will review the U.S. Department of Labor's court-ordered takeover of a multiemployer benefit fund. Here, Law360 looks at five appellate arguments benefits attorneys will want to keep an eye on this month.
February 12, 2024
The U.S. Chamber of Commerce urged the Second Circuit to uphold the dismissal of a proposed class action alleging excessive recordkeeping fees in a Deloitte retirement plan, arguing that if the barebones allegations are allowed to stand it could negatively impact many businesses.
February 05, 2024
Deloitte urged the Second Circuit not to bring back a proposed class action that accuses the global accounting firm of mismanaging its employee 401(k) plan, arguing the workers leading the suit relied on inapt comparisons to suggest the plan paid too much for recordkeeping fees.