Fiduciaries of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) that appoint investment managers (“Appointing Fiduciaries”) will be interested in the opinion of the U.S. District Court for the Western District of Pennsylvania in Scalia v. WPN Corporation, et al (“WPN”) regarding their duty to monitor investment fiduciaries. Given the potential risk related to a breach this fiduciary duty, the WPN opinion is likely to be an important one for Appointing Fiduciaries.
In WPN, the Department of Labor alleged ...
Blog Editors
Recent Updates
- Watch: Words Matter - How to Draft Arbitration Agreements That Hold Up in Court - Employment Law This Week
- One Nation, One Privacy Law: GOP Introduces Federal Privacy Legislation
- DOL Proposes New Safe Harbor for Selection of Designated Investment Alternatives for Defined Contribution Plans
- Watch: Joint Employment, Misclassification, I-9s, and Web Accessibility - New Rules and Rulings Reshape Employer Risk - Employment Law This Week
- Critical Infrastructure at Risk: Project Glasswing Urges Attention to AI-Driven Cyber-Risks