Plaintiffs Fail to Float Claim Past District Court
The U.S. District Court for the District of Massachusetts in In re Fidelity ERISA Float Litigation, No. 13-10222, 2015 WL 1061497 (D. Mass. March 11, 2015) has determined that float income is not a...
View ArticleAdditional Thoughts on the Latest Tussey v. ABB Decision: Fiduciary Lessons...
As we covered in our last post, the district court’s latest decision in Tussey v. ABB found ABB breached their fiduciary duties but imposed no monetary damages on a procedural technicality. The moral...
View ArticleEducation Isn’t a Best Practice It Is A Requirement
Expect to see more articles on the subject of Fiduciary Education in the months to come e.g., (Investment News) and do not be surprised to see the following Department of Labor (DOL) position on...
View ArticleIs the DOL Fiduciary Rule the End of Solicitor Arrangements? – Part 2
In my last blog, I discussed why the solicitor structure has grown in popularity and why it will continue in the future but without the same benefits enjoyed in the past. In this blog post, I review...
View ArticleFinding Value Under the New DOL Regime
It should be no surprise that everyone in the industry is contemplating what they must do to comply with the New DOL Fiduciary Regulation. Although there are still some hoping the litigation against...
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