Report: 4,000 Cyber-Attacks a Day Since COVID-19 Pandemic
Top cybersecurity establishments and law enforcement agencies are reporting a staggering 800% escalation in cyber-attacks since the birth of the COVID-19 cessation. Per MonsterCloud, cybercriminals are ramping up their hacking methods as more individuals are working remotely…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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Three Helpful Considerations for Plan Fiduciaries During COVID-19
ERISA fiduciaries are steadily fine-tuning their decision-making processes in the face of the coronavirus epidemic. Any fiduciary decisions executed during this tumorous period may be particularly ripe for dispute by plan participants or regulators. To…
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Massachusetts Recognizes ERISA in Novel Fiduciary Conduct Standard
On February 21st, 2020, the Massachusetts Secretary of the Commonwealth filed the final rule of a fiduciary conduct standard for investment advisers, their representatives, broker-dealer, and their agents operating in the commonwealth, hired by plan…
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