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Supreme Court's LaRue Decision Interprets ERISA's Remedies to Fit a 401(k) World
As that great philosopher Bob Dylan once sang, The Times They Are a-Changin'. Now the Supremes (the Court, not the singing group) in LaRue v. Dewolff, Boberg & Associates, Inc., 128 S. Ct. 1020, has officially recognized that the times have changed for retirement plans.
In a Feb. 20, 2008 decision, fascinating on several levels, a majority of the Court found that the 'landscape [of employee benefit plans] has changed.' As a result, the majority of the Court limited its 1985 language in Massachusetts Mut. Life Ins. Co. v. Russell, 473 U.S. 134 (1985) that certain remedies were intended to protect the 'entire plan, rather than … the rights of an individual beneficiary' to defined benefit plans. For defined contribution plans, such as 401(k) plans, the Court found that individual harm from fiduciary breach was enough.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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Blockchain Domains: New Developments for Brand Owners
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