Legal News

Massachusetts Financial Services Co. (MFS) has reached a settlement of nearly $7 million in a lawsuit alleging that the company enriched itself at the expense of its employees’ retirement savings by loading its 401(k) plans with costly,...By: Ary Rosenbaum

Years ago I recommended to a client that we hire a construction defect expert in a case. The client, a thrifty fellow, responded, “But I thought you were the construction expert. Why do I need to hire another expert? A fair question and one that...By: Wendel, Rosen, Black & Dean LLP

For some reason, my unincorporated village doesn’t have a mayor or village board of trustees, but we have our own sanitation district where we elect the commissioners. For many years, a party boss and his son controlled the district through their...By: Ary Rosenbaum

My grandmother was very super- stitious and she believed that bad luck could result from a bad choice you make. My grandmother grew up in old world Europe and she clearly was a product of her times. I’m less superstitious, I think that choices in...By: Ary Rosenbaum

I think the one place where the retirement plan industry has failed is in communication to plan participants. The industry has done better in fee transparency and communicating with plan participants, but has done a terrible job in communicating with...By: Ary Rosenbaum

A friendly reminder from the folks at the CSLB . . ....By: Wendel, Rosen, Black & Dean LLP

I remember when I first saw the political sign as a freshman at Stony Brook over 25 years ago where the student government Acting Treasurer Naala Royale was running for her own full term. Her motto for the race was that “If it Ain’t Broken, Don’t Fix...By: Ary Rosenbaum

Given the variety of problems that can arise on a construction project, from defects to delays, it’s difficult to draft a construction contract that addresses every possible problem exactly right. However, so long as you adequately address the “big...By: Wendel, Rosen, Black & Dean LLP

If you look at my office or my den, you’d think I ransacked Steiner Sports since I collect a lot of autographed memorabilia. Steiner Sports was one of the premier sports marketing firms and they were just sold off in a fire sale to Fanatics for just....By: Ary Rosenbaum

Too many plan sponsors ignore their retirement plans and by doing that, they are unknowingly putting themselves in harm’s way. I know that plan sponsors are busy running their own businesses, but the nature of 401(k) plans requires their undivided...By: Ary Rosenbaum