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May 18, 2015

Justices make it easier to sue over 401(k) retirement plans

WASHINGTON (AP) — The Supreme Court has ruled unanimously in favor of participants in employee retirement plans who object to companies’ investment decisions that eat into retirement savings. The justices on Monday revived claims by current and former employees of energy company Edison International. The employees argued that the company chose mutual funds with excessive […]

Sep 8, 2010

Court fleshes out how to calculate ‘income’ for child support

A North Carolina appellate court has for the first time addressed the effect that payments an employer makes on behalf of an employee have on the employee's adjusted gross income under the child-support guidelines in G.S. § 50-13.4(c). "Any time we have a new case that helps us define what is income and what is not for calculating child support, it is a big deal," said Charlotte attorney Rebecca [...]

Sep 3, 2010

Banks & Banking – Class Action – Pension Plans – ERISA – 401(k)

Pender v. Bank of America Corp. (Lawyers Weekly No. 10-04-0849, 17 pp.) (Graham C. Mullen, J.) W.D.N.C. Holding: Plaintiffs who claim they were wrongfully deprived of benefits under Bank of America’s retirement plans can be certified as a class to proceed because they meet the requirements under the Federal Rules of Civil Procedure. Facts The […]

Aug 12, 2010

Lousy real estate market makes it harder for couples to split

The collapse of the real estate market and the effects of the recession have thrown the once relatively predictable practice of family law into turmoil, with attorneys having to learn new skills, work harder to calm down anxious clients, and even wait longer for payment. "It's presenting a whole new set of challenges, and we weren't especially well equipped to do that," said Lee Rosen, who practic[...]

Jun 7, 2010

Required minimum distributions back in 2010

After taking a year off in 2009, required minimum distributions are back. In 2008, Congress passed a bill that suspended the rule requiring retirees over the age of 70 and 1/2 to withdraw a certain amount from their individual retirement and 401(k) accounts in 2009. The one-year moratorium applied to IRAs, Roth IRAs and defined […]

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