Courts/legal

NYSE, Cboe, Nasdaq move to block SEC transaction fee pilot program

Trading

Trading

Major exchanges have asked a federal court to stop the SEC's transaction fee pilot program.
403(b) plan participants drop ERISA lawsuit against Long Island University

Courts

Courts

Participants in a 403(b) plan run by Long Island University have dropped their ERISA lawsuit.
Lawmakers ask GAO to explore cybersecurity issues in defined contribution plans

Regulation

Regulation

Two lawmakers ask the GAO to look into cybersecurity safeguards, risks and liabilities that affect DC plan sponsors and participants.
PBGC strikes deal with Sears on sale to Edward Lampert, ESL Investments

Pension Funds

Pension Funds

PBGC reached a deal with Sears and will withdraw its objection to the sale of Sears' assets to Chairman Edward Lampert and his hedge fund.
Pfizer Ireland to transfer 900 employees to new DC plan in April

Retirement Plans

Retirement Plans

Pfizer Ireland will begin to transfer 900 employees into a new defined contribution plan from its defined benefit plans on April 1.
Janus Henderson fights for fees from star U.K. fund manager

Money Management

Money Management

Janus Henderson is fighting to reclaim millions in management fees from a star London fund manager who took his fund with him when he left.

Brexit

Brexit

A judge in the approved plans by a UBS Group unit to shift some U.K. jobs and operations to Frankfurt.
Appeals court rejects IBM's request to halt stock-drop lawsuit

Courts

Courts

An appeals court rejected IBM's request to halt a stock-drop suit against it so the firm could file a petition for a Supreme Court review.
Court dismisses ERISA suit over Exxon Mobil climate change disclosure

Courts

Courts

A suit against Exxon Mobil and fiduciaries of its ESOP that claimed Exxon's climate change impact disclosure hurt its stock value was dismissed.
First Puerto Rico debt restructuring deal approved for COFINA

Economy

Economy

A restructuring agreement for bondholders of debt issued by COFINA, was approved by the federal judge overseeing Puerto Rico's bankruptcy.
Animal imagery finds its way into some ERISA case rulings

REGULATION

REGULATION

Some judges inject their ERISA decisions with colorful analogies.
Judge rejects Anthem parent's petition to dismiss fiduciary breach claims

Courts

Courts

Judge rejects petition to dismiss fiduciary breach claims against Anthem parent ATH Holding by participants in the Anthem 401(k) Plan.
DB suits claim companies use faulty data to figure benefits

COURTS

COURTS

A series of lawsuits against defined benefit plans highlights uncertainties in law and regulations.
401(k) participant sues Stadion, United of Omaha alleging ERISA violations

COURTS

COURTS

A 401(k) plan participant is suing Stadion Money Management and United of Omaha Life Insurance, alleging the two firms violated ERISA.

Brexit

Brexit

Parliament rejected proposals to postpone Brexit or leave EU without a withdrawal agreement.