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
- NYDFS Cybersecurity Crackdown: New Requirements Now in Force—Are You Compliant?
- Video: New Tips and Overtime Guidance, NLRB Circuit Split, and Stalled Nomination - Employment Law This Week
- Companies and Employees Increasingly at Risk of AI-Powered Cyber Attacks
- Video: New Leadership and Priorities for the EEOC - Employment Law This Week
- Expanded Pay Transparency Requirements Coming to Columbus, Ohio