ERISA

United Airlines Voluntary Separation Leave and 36-Month Program and Class Action

At various times, United Airlines, Inc. has wanted to reduce the number of its employees and has therefore offered voluntary separation leave programs (VSLs). This class action concerns a related plan, the United Airlines 36-Month Supplemental Benefit Plan, which allows retiring employees to get the benefits of a later VSL offered within three years after  Read more

Taylor Corp. Retirement Plan Recordkeeping Fees ERISA Class Action

Retirement plans are governed by the Employee Retirement Income Security Act (ERISA), which specifies that those responsible for the plans owe the fiduciary duties of prudence and loyalty to the participants and beneficiaries. This class action brings suit against the fiduciaries of the Taylor Companies 401(k) and Profit Sharing Plans (referred to in the complaint  Read more

DISH Network 401(k) Plan Breach of Fiduciary Duties ERISA Class Action

This class action claims breach of fiduciary duties on the part of those responsible for the DISH Network Corporation 401(k) plan. It brings suit against DISH Network Corporation, its Board of Directors, its Retirement Plan Committee (the plan’s administrative committee), and members of the board and committee, alleging that they breached their fiduciary duties of  Read more

De Paola Trading Profit Sharing Plan Distributions Class Action

De Paola Trading, Inc., a broker-dealer, offers a Profit Sharing Plan, an employee benefit plan to which the company contributes. De Paola and its president and CEO, Peter de Paola, are the defendants in this class action. The complaint claims they have breached their fiduciary duties to the plan and violated the Employee Retirement Income  Read more

Delta Air Lines Retirement Plans Conversion Factors ERISA Class Action

This class action sues Delta Air Lines, Inc., the Administrative Committee of Delta Airlines, Inc., and three individuals on that committee for its calculation of joint and survivor annuity benefits for some of its retirement plans. The complaint claims that the benefits are not “actuarially equivalent,” as required by the Employee Retirement Income Security Act  Read more

Exelon Retirement Plan Breach of Fiduciary Duties ERISA Class Action

Exelon Corporation generates energy, then sells or distributes it. This class action brings suit against the company, its Board of Directors, its corporate investment committee, and various individuals, alleging that these defendants breached their fiduciary duties of prudence and loyalty to the Exelon Corporation Employee Savings Plan, a retirement plan governed by the Employee Retirement  Read more