Konica Minolta Business Solutions U.S.A., Inc., is unable to duck a proposed class action accusing it of breaching its fiduciary duties in managing the company’s 401(k) retirement plan
When your employer offers you 401(k) and 403(b) plans, the Employee Retirement Income Security Act of 1974, or ERISA, requires both your employers and their fiduciaries to use good judgment about how to protect that money. Fiduciaries are only allowed to act in the...
Phoenix, AZ, May 18, 2021 – Stantec Consulting Services, Inc. must face a proposed class action accusing it of breaching its fiduciary duties in managing the company’s 401(k) retirement plan, an Arizona federal judge ruled on Tuesday. U.S. District Judge G. Murray...
May 10, 2021, New York, NY – In a groundbreaking opinion, the Second Circuit found for the first time that individuals have standing to sue under Article III of the U.S. Constitution for the violation of a legal interest created by a state statute. Edelson Lechtzin...
When an employer does not pay what they should, then the employees may choose to file a lawsuit to obtain that necessary compensation. This recently happened when a wage lawsuit hit the Poarch Band-owned casino in Pennsylvania. According to the news report, the...
is investigating whether certain securities brokerage entities violated the Employee Retirement Income Security Act (“ERISA”) by failing to pay deferred compensation to brokers after he or she leaves a company that had a plan that deferred...
Washington, D.C., April 27, 2021 -- Eric Lechtzin, the Pennsylvania State Chair of the National Association of Consumer Advocates (NACA), joined leaders from 36 states in signing a letter to the U.S. Congress demanding that it immediately pass a resolution to rescind...
You work hard at your job to earn a decent living and hope to retire comfortably one day, thanks to the contributions made to your 401(k). The long hours and missed opportunities with family and friends are all part of the sacrifices you make to one day be able to...
Owensboro, KY, April 20, 2021 – The United States District Court for the Western District of Kentucky issued a Memorandum Opinion and Order granting a motion by workers in three coal mines owned and operated by Alliance Coal, LLC and its subsidiaries to conditionally...
Washington, D.C., April 16, 2021 – National class action law firm Edelson Lechtzin LLP, has been appointed by the U.S. District Court for the District of Columbia Circuit to serve as Chair of the Plaintiffs’ Executive Committee in the consolidated ERISA class action...