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Second Circuit Narrows ERISA Fiduciary Mismanagement Claims But Revives Prohibited Transaction Theory

Second Circuit Narrows ERISA Fiduciary Mismanagement Claims But Revives Prohibited Transaction Theory

In Collins v. Ne. Grocery, Inc., No. 24-2339-CV, 2025 WL 2383710 (2d Cir. Aug. 18, 2025), the Second Circuit addressed a wide-ranging challenge brought by participants in the Northeast Grocery…

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Second Circuit Clarifies Article III Standing for ERISA 401(k) Mismanagement Claims

In Collins v. Ne. Grocery, Inc., No. 24-2339-CV, ---F.4th----, 2025 WL 2382948 (2d Cir. Aug. 18, 2025), the Second Circuit addressed the recurring question of when participants in a defined…

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Ninth Circuit Affirms Dismissal of ERISA Breach of Fiduciary Duty Claims Against Intel

In Anderson v. Intel Corp. Inv. Pol’y Comm., No. 22-16268, ---F.4th----, 2025 WL 1463295 (9th Cir. May 22, 2025), Plaintiff Winston Anderson, on behalf of a putative class, alleged that…

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Eleventh Circuit Holds Defined Contribution Plans Are Not Entitled to the Benefit from Foreign Tax Credits

In Romano v. John Hancock Life Ins. Co. (USA), No. 22-12366, 2024 WL 4614701 (11th Cir. Oct. 30, 2024), a matter of first impression, the Eleventh Circuit considered whether ERISA’s…

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Third Circuit Revives Excessive Fee Litigation, Finding Plaintiffs Adequately Allege Violation of ERISA Fiduciary Duties

In Kruchten v. Ricoh USA, Inc., et al., No. 23-1928, 2024 WL 3518308 (3d Cir. July 24, 2024), a nonprecedential opinion, the Third Circuit reversed the district court’s dismissal of…

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Third Circuit Revives Excessive Fee Litigation Against ERISA Retirement Plan Fiduciaries

Mator v. Wesco Distribution, Inc., No. 22-2552, __F.4th__, 2024 WL 2198120 (3d Cir. May 16, 2024) (Before: Hardiman, Porter, and Fisher, Circuit Judges). Plaintiffs-Appellants Nancy and Robert Mator brought an…

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