PensionLitigationData.com debuts with over 1,500 retirement plan legal actions, each classified by nearly 100 fields, including court circuit, type of allegation, plaintiff, defendant and date. A joint venture of Pension Governance, LLC and The Michel-Shaked Group, this continuously updated and searchable database reflects the dramatic rise in pension lawsuits. Market volatility, complex investment strategies, new accounting rules, federal regulations and heightened scrutiny of financial decision-making are a few of the many reasons that explain the addition of hundreds more cases each quarter. This unique web-enabled tool helps attorneys, trustees, board members and policy-makers to better understand the nature of individual pension lawsuits and related litigation trends, thereby encouraging better practices.
To read the rest of the announcement, click here.
In a new article published by PensionLitigationDatabase.com, analysts describe an increase in litigation relating to multiemployer plan withdrawals. Under current rules, an employer seeking to exit must continue payments to the plan to help fund its obligation to pay vested benefits. Cases making their way through the legal system allege employer failure to comply in paying a proportionate share of what is owed. Click here to read about this important topic.
On January 28, 2008, Dr. Susan Mangiero, AIFA, AVA, CFA, FRM will talk about pension fiduciary litigation trends. Click here to review the agenda for IMN’s “2nd Annual Ohio Forum on Public Retirement: The Conference for the Public Retirement Systems of Ohio.”
On January 31, 2008, Dr. Susan M. Mangiero, AIFA, AVA, CFA, FRM will speak about pension litigation trends to attendees of the Canadian Institute’s conference entitled “Pension Law, Litigation and Governance: Practical Guidelines for Minimizing the Risk of Liability.” For further details, click here.