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USA - May 3 2012
While closing out a dry month bereft of the storied April showers, we observe that last year, in contrast, was New York City’s wettest year on record.
USA - June 8 2011
On May 16, 2011, the Supreme Court in CIGNA Corp. v. Amara held that ERISA section 502(a)(1)(B) does not give a court authority to change the terms of a pension plan due to a misleading summary plan description ("SPD"), or to enforce the terms of an SPD as if it were part of the plan.
USA - December 10 2009
A rift among federal appellate courts has been opened by three decisions this year, including two in recent weeks, over whether the fees charged by mutual funds and the funds’ revenue-sharing arrangements give rise to claims by 401(k) plan participants for breach of fiduciary duty under the Employee Retirement Income Security Act of 1974, as amended (ERISA).
