Tag: Retirement
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Testimony of Finance Expert Witnesses About Monitoring Responsibilities Under ERISA Admitted
Class Representatives Peter Trauernicht and Zachary Wright (“Plaintiffs”), on behalf of themselves, the Genworth Financial Inc. Retirement and Savings Plan (the “Plan”), and all other similarly situated individuals, filed suit against Genworth Financial, Inc. (“Genworth” or “Defendant”) alleging that Genworth breached its fiduciary duties under the Employee Retirement Income Security Act. Plaintiffs claimed that Genworth violated its…
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Pensions Expert Witness’ Testimony on Benefits under ERISA’s Accrual Rules Admitted
Plaintiffs bring this suit under the Employee Retirement Income Security Act (ERISA). ERISA’s central object is to “protect employees’ justified expectations of receiving the benefits their employers promise them.” This case centers on the Coastal Transition Benefit, a benefit formula that originated in the Coastal Plan and that, through a series of corporate transactions, now…
