While a federal judge found some merit in the arguments alleging that the Labor Department’s compliance assistance release on cryptocurrency had an impact on a recordkeeper’s business, it wasn’t enough to warrant the relief requested. The History Back in June 2022, recordkeeper ForUsAll filed suit against the Labor Department for its recent “arbitrary and capricious attempt to restrict the use …
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Another Excessive Fee Suit Settlement Struck
The allegations are familiar, as are the attorneys representing the plaintiffs—but this settlement proposal involves more than just money. The proposed settlement comes in an action brought by plaintiffs Sarah Gamble, David Covington, Tansy Wilkerson, and Daisy Santiago (represented by Miller Shah LLP, Capozzi Adler PC, and Whatley Kallas LLP) on behalf of participants in the Biogen, Inc. 401(k) Savings …
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