July 11, 2023
The Seventh Circuit refused to reconsider its decision in favor of the U.S. Department of Labor in its lawsuit accusing a pair of former retirement plan fiduciaries of funneling hundreds of thousands of payments for their own gain under the guise of necessary expenses.
May 11, 2023
The Seventh Circuit refused to overturn the U.S. Department of Labor's win in its lawsuit accusing a pair of former retirement plan fiduciaries of misusing plan assets, saying the trial court didn't abuse its power in barring the duo from ever managing a retirement plan again.
April 19, 2023
The Seventh Circuit appeared skeptical Wednesday of two former retirement plan managers' bid to undo a win for the U.S. Department of Labor in a case where the trial court found they repeatedly misused plan assets.