Tagged with "supreme court"

Supreme Court Rules On Landmark 401(K) Fee Suit

Posted on February 1st, 2022 at 1:01 PM
Supreme Court Rules On Landmark 401(K) Fee Suit

The U.S. Supreme Court has reversed an appellate court’s decision involving Northwestern University, which may impact numerous other pending lawsuits that target retirement plans with underperforming investments and excessive fees.

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Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Posted on January 20th, 2022 at 1:12 PM
Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Edward Jones & Co. failed to convince the U.S. Supreme Court to analyze how a federal securities law impacts a client dispute pertaining to fee-based accounts.

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Securities Litigation in 2020

Posted on July 16th, 2020 at 11:03 AM
Securities Litigation in 2020

COVID-19 has had widespread effects throughout the country, and securities litigation has been no exception.  In addition to causing delays and prohibiting many in-person hearings, there has also been a large number of lawsuits related to COVID-19. Although COVID-19 has dominated the headlines, 2020 has produce a couple noteworthy court decisions unrelated to the pandemic. 

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U.S. Supreme Court Expands Age Bias Claims for Public Sector Employees

Posted on April 21st, 2020 at 5:00 PM
U.S. Supreme Court Expands Age Bias Claims for Public Sector Employees

The U.S. Supreme Court ruled that public sector employees can sue their employer when age bias has any effect on an adverse employment action.  In doing so, the Supreme Court vacated a ruling by the Eleventh Circuit, which found that a public sector employee was required to show that the adverse employment action would not have happened if the individual was younger.

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SEC Enforcement Actions on the Rise in 2019

Posted on November 15th, 2019 at 5:10 PM
SEC Enforcement Actions on the Rise in 2019

The U.S. Securities and Exchange Commission ("SEC") continued to focus on enforcement and misconduct that puts investors at risk in fiscal year 2019.

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Supreme Court to Hear IBM 401(k) Stock-Drop Case

Posted on June 26th, 2019 at 11:03 AM
Supreme Court to Hear IBM 401(k) Stock-Drop Case

International Business Machines Corporation (“IBM”) recently convinced the U.S. Supreme Court to accept a 401(k) stock-drop lawsuit that could have an impact on how employers view company stock in their retirement plans.

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SEC's Whistleblower Program Gains Momentum in 2018

Posted on November 28th, 2018 at 2:21 PM
SEC's Whistleblower Program Gains Momentum in 2018

The SEC’s whistleblower program has been an important tool for individuals since 2011. The awards are distributed from an investor protection fund established by Congress. To obtain an award, the whistleblower’s information must be unique, useful and lead to a successful enforcement action. 

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