Legal News

SCOTUS Overturns 4th Circuit, Holds Employees May Sue 401(k) Managers For Mismanagement And Injuries To Individuals' Accoutns
Last week, with LaRue v. DeWolff, Boberg & Associates, Inc., SCOTUS overturned the 4th Circuit and held that ERISA authorizes retirement account holders such as the plaintiff in that case to sue for and recover losses when retirement plan managers breach their fiduciary duties, adversely affecting individuals' accounts...

Haslem on Mutual Fund Arbitrage
Mutual Fund Arbitrage and Other Practices: Sources of Explicit and Opportunity Costs, by JOHN A. HASLEM, University of Maryland - Robert H. Smith School of Business, was recently posted on SSRN...

Millstein Center and the Mutual Fund Directors Forum Found Network of Independent Mutual Fund Leaders
On May 5, 2008, The Millstein Center for Corporate Governance and Performance at the Yale School of Management and the Mutual Fund Directors Forum partnered with independent leaders of mutual fund boards of trustees to found the Conference of Fund Leaders (CFL), a permanent new body composed of independent board chairs and lead independent directors [...

FINRA Settles Mutual Fund Sales Violations Against Five Securities Firms
FINRA settled cases against five firms for mutual fund sales and supervisory violations - including improper sales of Class B and Class C mutual fund shares and failure to have supervisory systems designed to provide all eligible investors with the...

SEC Announces Mutual Fund Comparison Aid
The SEC announced the launch of a new Internet Web page that enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance...

SNSFE Investigates Evergreen Ultra Short Opportunities Fund
SNSFE is investigating mutual fund losses sustained in the Evergreen Ultra Short Opportunities Fund. SNSFE is investigating Wachovia's solicitation of thousands of investors to invest in the firm's proprietary bond funds...

COBRA Continuation of Healthcare Coverage after Layoff
Pensions and Health Care Coverage for Dislocated Workers

ERISA Pension Benefits after Termination
Employee Retirement Income Security Act of 1974

Mutual Fund Losses
alleging financial advisors breached fiduciary duties by not looking out for investors best interests.

Mutual Funds
alleging financial companies breached ERISA act with employee 401k plan holders.

Ariel Fund
401(k) / ERISA Stock Fraud

The Reserve Fund's Primary Fund
401(k) / ERISA Stock Fraud

Oppenheimer Champion Income Fund
401(k) / ERISA Stock Fraud

Oppenheimer California Municipal Fund
401(k) / ERISA Stock Fraud