Defined Benefit Plan Litigation: Emerging Strategies to Challenge Pension Plan Investments
Avoiding and Defending Breach of Fiduciary Duty Claims for Pension Investment and Other DB Plan Decisions
Class action filed against Weyerhaeuser over pension plan investments in derivatives and PE and hedge funds
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will analyze novel theories of fiduciary duty and investment management liability in the Weyerhaeuser case, as well as other key developments in defined benefit plan litigation. The panel will offer strategies for defending and minimizing exposure to defined benefit plan litigation.
Outline
- Overview of investment management liability in DB plans
- McCullough v. AEGON USA (8th Cir. 2009)
- Minnesota Mining and Manufacturing (8th Cir. 2002)
- Analysis of Palmason v. Weyerhaeuser
- Analysis of causes of action
- Potential defenses
- Use of alternative investment vehicles
- Other developments in defined DB litigation
- Cash balance plan litigation
- Impact of CIGNA Corp. v. Amara
Benefits
The panel will review these and other key questions:
- What are the key recent developments in defined benefit plan litigation?
- How will the Weyerhaeuser case change the face of pension plan litigation?
- What steps should plan fiduciaries take to minimize exposure to defined benefit plan litigation?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Myron D. Rumeld
Partner
Proskauer
He supervises the bulk of the firm’s employee benefits plan litigation activities in the firm’s New York... | Read More
He supervises the bulk of the firm’s employee benefits plan litigation activities in the firm’s New York office and has handled a broad array of other labor and employment litigation matters. He has represented both single employer and multiemployer plans, plan fiduciaries, employer contributors to multiemployer plans, and professional advisors to plans.
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James O. Fleckner
Partner
Goodwin Procter
Mr. Fleckner is a nationally recognized leader in the field of ERISA litigation and heads the firm’s ERISA... | Read More
Mr. Fleckner is a nationally recognized leader in the field of ERISA litigation and heads the firm’s ERISA Litigation Practice. He focuses on complex commercial litigation, representing financial service providers and corporate clients in ERISA, securities and derivative class actions and in private civil litigation. He is renowned as a lecturer and author on ERISA and related litigation topics, and has presented at over 40 conferences across the U.S.
CloseDavid C. Kaleda
Partner
Alston & Bird
He has extensive experience with qualified plan compliance, design and drafting. He manages compliance projects for... | Read More
He has extensive experience with qualified plan compliance, design and drafting. He manages compliance projects for plans with as many as 30,000 participants, serving as a regulatory technical advisor and working on IRS and DOL self-correction projects and audits. He also has experience advising plan sponsors, plan service providers and plan fiduciaries on issues arising under Title I of ERISA.
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