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Results: 1-10 of 151

More enforcement is the result of DOL budget

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • May 18 2009

Recently, Secretary of Labor Hilda Solis unveiled the Administration’s fiscal year 2010 budget for the Department of Labor ("DOL"

Illinois construction firm settles class-action discrimination claim for $630,000

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 1 2009

On Friday, May 29, 2009, the U.S. Equal Employment Opportunity Commission (“EEOC”) announced that it settled a race and retaliation lawsuit against Area Erectors, Inc, a Rockford, Illinois-based construction company (“the Company”

DOL provides COBRA subsidy appeal application available from the DOL

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 1 2009

Recently, the U.S. Department of Labor (“DOL”) announced the appeals process that individuals can use if they are denied the premium subsidy for their COBRA continuation coverage

ERISA breach of fiduciary duty costs airline and banks more than $9,500,000

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 15 2009

Recently, the U.S. Department of Labor (“DOL”) announced that it had entered into settlement agreements with Aloha Airlines Inc., Bank of Hawaii and First Hawaiian Bank which require them to pay $9,545,454 to the airline’s three pension plans for losses that the plans suffered on investments in stock of the airline’s holding company

Male same-sex harassment costs Dillard’s $110,000

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 15 2009

On June 11, 2009, the U.S. Equal Employment Opportunity Commission (“EEOC”) announced that Dillard’s, Inc. will pay $110,000 and provide significant remedial relief to settle a same-sex harassment lawsuit involving its male employees

Age bias layoffs are costly; claims are increasing dramatically

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 15 2009

Recently, the U.S. Equal Employment Opportunity Commission (“EEOC”) announced that Providence Alaska Medical Center (“Providence”) has agreed to pay $220,000 and provide other relief to settle an age discrimination lawsuit on behalf of five (5) workers who were laid off and denied rehire because of their age

Theft of 401(k) plan assets results in one-year imprisonment of employee

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • July 10 2009

On July 7, 2009, the U.S. Department of Labor (“DOL”) announced that a former employee of a Kansas City, Mo. casino was sentenced to one year in federal prison and three years of supervised probation after completing her prison term

IRS will conduct 401(k) phone forum

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • July 10 2009

On August 6, 2009, Mr. Roger Kuehnle, Tax Law Specialist, and Ms. Lisa Mojiri-Azad, Senior Technical Reviewer, Office of Division CounselAssociate Chief Counsel, TEGE, Employee Benefits, will conduct a phone forum to review recent IRS 401(k) guidance

FTC clarifies Red Flag Rule application to certain employee benefit plans

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • August 10 2009

The Federal Trade Commission ("FTC") issued an anti-fraud regulation ("Red Flag Rule") that requires many businesses and organizations to implement a written identity theft prevention program to detect the warning signs of identity theft in their daily operations

Misusing plan assets leads to personal liability

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • August 10 2009

Recently, the U.S. Department of Labor (“DOL”) announced that it had obtained a consent order and judgment requiring the former president of AA Capital Partners Inc. to restore $50 million in losses to five Michigan pension funds as restitution for misuse of plan assets to the benefit of the investment firm and himself