WASHINGTON – A new rule proposed by the U.S. Department of Labor would make it easier for trustees of companies in Chapter 7 bankruptcy to distribute assets from its retirement plans.
Plaintiffs were not required to make a pre-suit demand for remedial action upon their retirement plans’ trustees before pursuing an ERISA action against an insurance company that allegedly charged excessive fees, the 3rd Circuit has ruled in reversing a dismissal.
A taxpayer is liable for income taxes owed on funds he received from his murdered father’s retirement account, the 9th Circuit has ruled in affirming judgment.
Creditors are entitled to the benefits derived from a Chapter 13 debtor’s repayment of a loan from her 401(k) plan, the 6th Circuit Bankruptcy Appellate Panel has ruled.
A divorced wife’s entitlement to child support should not have been based in part on payments made on her behalf by her employer, the North Carolina Court of Appeals has ruled in reversing judgment.
A class-action lawsuit that alleged that tens of thousands of participants in two General Dynamics 401K plans were charged excessive fees has been tentatively settled for $15.15 million, the parties have announced.
A deceased employee’s retirement plans are liable under ERISA for wrongfully paying benefits to the man’s children after receiving notice that he may have had a surviving, common-law wife, the 10th Circuit has ruled in reversing judgment.