Brian Flood

1 week ago | news.bloombergtax.com | Jacklyn Wille |Brian Flood |Carmen Castro-Pagan

Cornell University employees will get another chance to challenge their retirement plan’s service provider arrangement after the US Supreme Court took a worker-friendly view of ERISA’s prohibited transaction rules. The justices’ unanimous opinion makes it easier for workers to successfully argue that retirement plan service provider arrangements violate the Employee Retirement Income Security Act’s prohibited transaction rules.

1 week ago | news.bloombergtax.com | Jacklyn Wille |Brian Flood |Carmen Castro-Pagan

Cornell University employees will get another chance to challenge their retirement plan’s service provider arrangement after the US Supreme Court took a worker-friendly view of ERISA’s prohibited transaction rules. Retirement plan participants challenging a service provider arrangement under ERISA’s prohibited transaction rules can make a viable case without pleading that the statute’s exemptions don’t apply to their case, the Supreme Court said Thursday in a unanimous opinion.

1 week ago | news.bloombergtax.com | Jacklyn Wille |Brian Flood |Carmen Castro-Pagan

Cornell University employees will get another chance to challenge their retirement plan’s service provider arrangement after the US Supreme Court took a worker-friendly view of ERISA’s prohibited transaction rules. Retirement plan participants challenging a service provider arrangement under ERISA’s prohibited transaction rules can make a viable case without pleading that the statute’s exemptions don’t apply to their case, the Supreme Court said Thursday in a unanimous opinion.

1 week ago | news.bloombergtax.com | Mallory Culhane |Brian Flood

Quinn Emanuel Urquhart & Sullivan LLP on Friday asked a New York state appeals court to secure $34 million in assets from Desktop Metal Inc. while the firm resolves its dispute over legal fees the company owes.

1 week ago | news.bloombergtax.com | Mallory Culhane |Brian Flood

Attorneys with Reyes Lawyers PA and Olmo & Rodriguez Matias Law Office PSC were sanctioned by a federal judge over extensive errors in filings that were alleged to have been drafted with the help of artificial intelligence, in a lawsuit over control of professional soccer in Puerto Rico. The plaintiffs’ lawyers must pay attorneys’ fees incurred by the defendants in relation to four filings that contained “dozens” of “striking” errors, Judge Raúl M.