Event

Pensions & Investments Annual West Coast Defined Contribution Conference – November 2012

November 04, 2012 {ml-event-to} November 06, 2012

Morgan Lewis partner Marla Kreindler will serve as the conference co-chair of Pensions & Investments Annual West Coast Defined Contribution Conference. Partner Azeez Hayne will moderate a panel entitled "Fee litigation: past, present and future: What can we learn from ERISA litigation?" at this conference.

When:
November 4-6, 2012

Fee litigation: past, present and future: What can we learn from ERISA litigation?
Moderator: Azeez Hayne
November 5, 2012
2:50-3:50 pm

Many of the fee lawsuits launched in the mid 2000s did not result in significant rulings, yet there have been some significant settlements (Kraft, Walmart) and a lower court ruling finding significant liability (even if significantly less than what plaintiffs initially claimed). What are they teaching us?

  • Have the basic rules of procedural prudence changed? Should we rethink how we develop investment policies? When are RFPs required?
  • Can DB plans be managed differently from DC plans?
  • How will the new fee disclosure rules impact litigation risk? Are disclosures helping plans better understand fees and expense? How is the industry addressing these risks?
  • How does the use of brokerage windows impact fiduciary risk? How should cross-subsidization be considered when the plan sponsor has multiple plans? What if only some investment options generate administrative fee credits or revenue sharing?
  • What should we expect next on the litigation front?

Where:
The Palace Hotel
2 New Montgomery Street
San Francisco, California, 94105-3402