Recently, a Federal Court in North Carolina approved a settlement for over $3 million between a Coca-Cola (Defendant) bottling plant and a class of former employees. The named Plaintiffs brought the action against the Defendant alleging that the company had violated their fiduciary duties by presenting “risky” investment options to ERISA plan holders while additionally…
Continue reading ›When a policy contains a “cost of making good provision,” is an insurer able to wholly deny coverage falling under its purview, even if it just applies to a small part of the claim? This question was recently brought to the Central District Court of California in The Haven at Ventura, LLC v. General Security…
Continue reading ›Allstate Employees sue Allstate Corporation and their 401k plans, alleging breach of fiduciary duties. The suit is based on the alleged poor performance of investment selections and expenses incurred. The case involves investments in six of the Focus Funds. The suit includes allegations against the plan fiduciary duties to diversify the investments of the plan…
Continue reading ›Does your business interruption insurance cover losses from the coronavirus, also known as COVID-19? Whether your claim is covered or not is likely dependent on the type of policy and the specific language in it. If you have a business that has been affected by closures, check your business owners policies to see what losses…
Continue reading ›
