On June 21, 2018, the Fifth Circuit Court of Appeals issued a mandate vacating the U.S. Department of Labor's ERISA Fiduciary Rule, thus ending years
Following a presidential memorandum directing the U.S. Department of Labor to re-examine the ERISA Fiduciary Rule, the DOL recently extended the
Almost exactly one year after the U.S. Department of Labor proposed to redefine the term "fiduciary" as it applies in the investment advice context
On March 28, 2016, the U.S. District Court for the District of Massachusetts found that two private equity funds sponsored by the same advisor were
Roughly four and a half years after its first attempt, the U.S. Department of Labor today again proposed to redefine the term "fiduciary" as it
On July 24, 2013, the U.S. Court of Appeals for the First Circuit became the first appellate court to address whether a private equity fund can
On April 3, 2013, the Pension Benefit Guaranty Corporation (the "PBGC") issued proposed regulations (the "Proposed Rules") to effect changes in the
The U.S. Department of Labor (the “DOL”) recently published a proposed rule that would amend the regulation interpreting the definition of “fiduciary” and significantly expand the types of investment advice activities that may give rise to fiduciary status under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
The US Department of Labor (the “DOL”) recently released interpretive guidance regarding the fidelity bond required under Section 412 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
On October 16, 2008, the US Department of Labor (the “DOL”) published two interpretive bulletins that modify and supersede the DOL’s prior guidance regarding the responsibilities of a benefit plan fiduciary in examining, and potentially investing the plan’s assets in, “economically targeted” or “socially responsible” investments, and in exercising the benefit plan’s shareholder rights, including the voting of proxies on securities held in the benefit plan’s portfolio.