Former Morgan Stanley financial advisers sue Labor Department, alleging ERISA violation

Three former Morgan Stanley financial advisers sued the U.S. Department of Labor, alleging that it issued an illegal advisory ...
JD Supra

Federal Court Finds No Monetary Damages in ERISA Fiduciary Breach Case, Orders Governance Changes

Last May, we provided a client alert about a recent federal district court case (Spence v. American Airlines, No. 4:23-cv-00552-O, 2025 WL 225127, ...
National Association of Plan Advisors

What’s the Latest with the Ongoing Battle over the DOL Fiduciary Rule?

The Department of Labor (DOL) announced in September that it would be revisiting the definition of investment advice fiduciary under ERISA, with the aim of issuing a new rule in 2026. So where do ...
PLANADVISER

With 3(38) Fiduciaries, Litigation Risk Decreases, But Still Remains

Hiring 3(38) investment managers can reduce employers’ exposure to claims tied to investment performance, but they still need ...