The VLW Blog

It’s clear Bernard Madoff was not the only “investment advisor” to rely on an old-fashioned Ponzi scheme to offer great returns.
In a case closer to home, a small family-owned tractor sales company in Purvellville lost a hefty chunk of its 401(k) profit-sharing plan when it invested in U.S. Capital Funding, which the 4th U.S. Circuit [...]

[Read more →]

A tug of war over disability plan documents has been remanded to an Alexandria federal district court for the second time by the 4th U.S. Circuit Court of Appeals.
AT&T denied long-term disability benefits under the company’s ERISA plan to employee Margaret Mullins, who suffered from carpal tunnel syndrome. The district court upheld the denial of [...]

[Read more →]

An employee who claims his 401(k) account lost value can sue the plan administrator for failure to follow the employee’s investment instructions.
On Feb. 20, the U.S. Supreme Court said in LaRue v. DeWolff, Boberg & Associates Inc. that the employee’s allegations stated a claim for breach of fiduciary duty in violation of § 502(a)(2) of [...]

[Read more →]