Neal Shikes
The directors of a corporation have a fiduciary duty to their shareholders. Their behaviors must evidence prudence and they cannot profit at the corporation’s expense. With regards to Retirement Plans, Plan Sponsors/Investment Committees must behave in a similar way for the benefit of the plan’s…
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Ironically, Employer Sponsors of Retirement Plans and plaintiff attorneys for ERISA Class Actions must have access to the same set of skills to be successful. This is an absolute necessity because there is no specific road-map to follow with regards to fulfilling fiduciary duty or…
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In a recent ERISA Class Action filing, the United States District Court for the Southern District of New York certified Terre Beach, et al., Plaintiffs -v- JPMorgan Chase Bank, National Association et al., Defendants. Simply stated, the plaintiffs alleged that the Plan Sponsor breached their…
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