September 04, 2024
A New York federal court on Wednesday dismissed a retired Colgate-Palmolive marketing executive's suit alleging her employer and a benefits administrator breached federal benefits law by allowing a thief to drain more than $750,000 from her account online, after parties reached a tentative settlement.
November 09, 2023
A former Colgate-Palmolive executive told a New York federal court it should hand her a win in her suit alleging the company allowed a hacker to steal over $750,000 of retirement savings from her account, arguing that security wasn't a priority for her ex-employer or its retirement plan administrator.
October 04, 2023
The committee overseeing Colgate-Palmolive's $3.3 billion 401(k) plan urged a New York federal judge to spike a former executive's federal benefits lawsuit over a $600,000 theft from her retirement account, saying it shouldn't be blamed for a hacker's "sophisticated fraud."
June 30, 2023
A pending rehearing petition in a massive suit against United Behavioral Health at the Ninth Circuit and battles over ESG in retirement plan investments headline the crop of cases that benefits lawyers will be following in the second half of 2023. Here, Law360 speaks with attorneys about five Employee Retirement Income Security Act cases to keep an eye on.
January 02, 2023
Appeals courts will get to decide whether arbitration agreements can nullify workers’ ability to sue on behalf of their retirement plan, and what it takes for a lawsuit claiming retirees lost savings due to excessive plan fees to survive a dismissal bid. Here are five Employee Retirement Income Security Act cases attorneys should watch in the New Year.
December 20, 2022
A New York federal judge freed Bank of New York Mellon from a retired Colgate-Palmolive marketing executive's suit seeking to recoup more than $600,000 that a hacker stole from her retirement account, but kept claims against her employer and plan administrator in play.
September 16, 2022
Colgate-Palmolive and plan administrators for a Colgate employee 401(k) plan sought to exit a benefits lawsuit that a retired marketing executive brought seeking to recoup losses after a hacker stole over $600,000 from her retirement account, saying she hadn't proved the companies were responsible.
July 22, 2022
Attempts to steal workers' personal information and even their retirement savings are on the rise, attorneys say, raising questions about plans' and third-party administrators' exposure for cybersecurity breaches under federal benefits law.