Would you fix a pipe if you thought it might be leaking? Just like pipes in your home, your retirement accounts can be leaking excessive fees — which is money you could use in retirement. If you have a retirement account — like a 401(k) or 403(b) account — with a small or medium-sized employer,…
Continue reading ›“It took Jennifer Sharkey more than eight years to get a trial over her dismissal from JPMorgan Chase & Co. A Manhattan jury needed only five hours to find the former wealth manager was fired illegally and award her $1.13 million in damages. Then, it took just an hour for a Manhattan judge to upend the verdict…
Continue reading ›What should you do if you discover that your mother, father, or an elderly relative has inappropriate or suspicious investments? Do not ignore it. As difficult as this situation is for families, it is important to take action to protect our elderly family members before they lose a lifetime of hard-earned savings. Research 1) Go…
Continue reading ›It is nice to see a state court take a skeptical look at Delaware corporate governance law. The Minnesota Supreme Court chose not to adopt Delaware law on an important corporate governance question — when is a shareholder’s claim “direct” as opposed to “derivative.” The decision is available here: In re Medtronic, Inc. Shareholder Litigation. The…
Continue reading ›There are numerous hidden fees that you should be looking for in employer retirement accounts like 401(k). This piece by John Wasik tells you about some of the biggies — surrender fees, back-end loads, front-end loads, and 12b-1 fees, which are marketing and distribution fees that you should not be paying. Paying 12b-1 fees for…
Continue reading ›How does one get the tweets of @realDonaldTrump into evidence? This is an interesting question raised by Kelly Twigger in Above the Law this week. Above the Law – Are Donald Trump’s Tweets Self-Authenticating It is a question that litigators face in seeking to admit all kinds of social media but it is more fun to…
Continue reading ›When federal government employees recommend an investment adviser who steals employee retirement funds, “sovereign immunity” prevents recovery against the government. In many ways, the retirement savings of federal employees are safer than employees of private companies. The Thrift Savings Plan and other 401(k)-like plans offered by the federal government have fewer of the inappropriate investment…
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