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Proskauer Rose LLP | USA | 10 Oct 2011

U.S. Department of Labor issues new guidance on electronic disclosures under participant fee disclosure regulations

The US Department of Labor (DOL) recently issued Technical Release No. 2011-3 (the Technical Release), which sets forth new guidance regarding the use of electronic media to comply with the fee disclosure requirements for participant-directed individual account plans.


Proskauer Rose LLP | USA | 7 Jun 2010

District court ruling in stock-drop litigation potentially breathes new life into Section 404(c) safe harbor defense

In their continued efforts to combat the rising tide of employer stock-drop lawsuits, plan fiduciaries have frequently relied on a defense based on ERISA 404(c), 29 U.S.C. 1104(c).

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