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With more and more retirement plan services moving online, a recent case arising in the U.S. District Court for the Southern District of New York, Giannini v. Transamerica Retirement Solutions...
New York district court summarily dismissed 401k plan participant putative class action complaint alleging breaches of fiduciary duty related to lack of IPS and conflict of interest. Falberg v. Goldman Sachs.
In this month’s column, we discuss the backdrop for the passage of the ASA and present an overview of the law, as well as another statute with a revival window on the horizon—New York City’s Victims of Gender-Motivated Violence Protection Law. We also offer practical suggestions for employers to consider in anticipation of lawsuits which may be filed once the ASA’s revival window opens this fall.
Russell Hirschhorn is a Senior Counsel in the Labor & Employment Law Department, where he focuses on complex ERISA litigation and advises employers, fiduciaries and trustees on ERISA benefit and fiduciary issues.
Paul Hamburger is an attorney in the Employee Benefits, Executive Compensation and ERISA Litigation Practice health and welfare subgroup.