Earlier this summer, Fidelity Investments settled two lawsuits brought by employees over the company’s own 401(k) plan. The suits alleged the firm offered employees its own higher-cost mutual funds when cheaper fund options were available and charged recordkeeper fees that were too high for a plan of its size. Fidelity contends the suits were “without merit” but settled for $12 million, which will be shared among more than 50,000 employees.
The Court of Queen's Bench has approved the implementation plan agreement between Manitoba Telecom Services, its unions and retiree representatives.
A group representing Nortel Networks retirees and pensions is glad that the company's bankruptcy trial is nearly finished.
New Brunswick is being sued by a group of retirees after the province made changes to the public sector pension plan.
Eight Osler lawyers are included in the 2014 Canadian Legal Lexpert Directory in the area of pensions and employment benefits.
Lawson Lundell’s pension and employee benefits group was recently recognized among Canada’s top practices by Chambers Global: The World’s Leading Business Lawyers in its 2014 edition.
Osler’s pensions and benefits practice has once again been ranked in Band 1 by Chambers Global 2014: The World’s Leading Business Lawyers.
McCarthy Tétrault’s pensions benefits and executive compensation group has been named one of Canada's top practices by Chambers Global: The World’s Leading Business Lawyers in its 2014 edition.
Another group of Heenan Blaikie staffers have found a new home.
The Rhode Island government and attorneys representing public employee unions and retiree coalitions challenging changes to the state's pension system have reached a settlement agreement achieved through court-ordered mediation.