If you run a retirement plan, a health plan, or work as a third party administrator, a new court ruling could change how lawsuits against your plan are handled.
What Happened?
In Rani Bolton v. Inland Fresh Seafood Corporation of America, Inc., employees said their company’s ESOP (a type of retirement plan that holds company stock) paid far too much for company shares. They claimed the people running the plan broke the rules by overpaying.