2nd Circuit Affirms Judgment On Pleadings For JP Morgan In Stock-Drop Case

NEW YORK - Fiduciaries of the JP Morgan Chase 401(k) Savings Plan did not breach their fiduciary duties under the Employee Retirement Income Security Act by offering company stock as an investment option when the company had billions of dollars in undisclosed loss exposure to Enron Corp., the Second...

Feeder Funds To Pay Nearly $220M To Settle Madoff Ponzi Scheme Fraud Claims

NEW YORK - Four Bernard L. Madoff Investment Securities LLC feeder funds and several of their current and former owners and officers have agreed to pay nearly $220 million to settle claims that they breached their fiduciary duties under the Employee Retirement Income Security Act (ERISA), 29 U.S.C.S...

Judge: Whistle-Blower Will Be Given Chance To Plead His Claims

HARRISON, Ark. - A federal judge in Arkansas on March 5 refused to dismiss a motion to dismiss in a whistle-blower wrongful termination lawsuit, ruling that the former employee will be given an opportunity to show that his assistance in a Securities and Exchange Commission investigation into alleged...