Drafting a Parental Leave Policy? Learn from the Estée Lauder Story or You'll Risk Smelling Stinky
Parental leave policies are on the rise. Maternity. Paternity. Caregiver. You name it. I am drafting more of these policies than ever before. So, you can imagine my interest when, last year, the EEOC sued skin care/fragrance behemoth Estée Lauder, claiming that its parental leave policies discriminated against men. According to the EEOC at the … Continue Reading
Fifth Circuit Affirms Dismissal of ERISA Stock Drop Action
The Fifth Circuit agreed that a participant in Idearc’s 401(k) plan failed to plausibly plead that the plan fiduciary’s failure to act on publicly available information about Idearc amount
Second Quarter 2018
As we head into the thick of summer, all eyes are on President Trump's nomination to the U.S. Supreme Court to replace retiring Justice Anthony...
The Briefcase: Federal BB&T ERISA lawsuit set for Oct. 29
Federal BB&T ERISA lawsuit set for Oct. 29
District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability
Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.
Aon Hewitt Named (again) in Double-Dealing Retirement Plan Lawsuit
In April 2018, Benjamin Reetz filed a class action ERISA lawsuit on behalf of himself and other participants in the Lowe’s 401(k) Plan. The lawsuit claims that Aon Hewitt, the plan’s investment advisor, lined its pockets by recommending one of its own poorly performing investment funds. Lowe’s then fell down on the job by failing to catch what Aon Hewitt was doing. Wait, you think, didn’t I read this before, but was it about Home Depot or maybe Invesco?