PHILADELPHIA – Acting on a United States district court judge’s order, federal marshals took John J. Koresko V, a disbarred attorney and former employee benefit plan administrator, into custody on May 6, 2016, after Koresko failed to transfer $1.68 million in assets in contempt of an earlier court order in a case involving violations of the Employee Retirement Income Security Act.

Date of Action: April 29, 2016

Type of Action: Complaint

Name(s) of Defendants: Tarry Bratton, B.C. Inc., B.C. Inc. 401(k) Profit Sharing Plan

Date of Action:  May 02, 2016

Type of Action: Complaint

Name of Defendants: Kesco Southeast Inc., Dean Conn, Andrea Rozelle, and Kesco Southeast Inc. 401(k) Plan

Date of Action: May 5, 2016

Type of Action:  Consent order and judgment

Names of Defendant: John Bonner, Bonner & Borhart LLP, Bonner & Borhart LLP SIMPLE IRA Plan

Date of Action: April 26, 2016

Name(s) of Defendants: Island Organics Profit-Sharing Plan
Bank of America

Allegations:  An investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration found the fiduciary of a profit-sharing plan of now-defunct Quality Botanical Ingredients Inc. failed to terminate the plan formally when the company ceased all business operations in December 2002.

Date of Action: April 29, 2016

Type of Action: Employee Retirement Income Security Act Lawsuit

Names of Defendants: Shirley T. Sherrod, Leroy Johnson, Shirley T. Sherrod M.D., P.C., Target Pension Plan

Date of Action: April 4, 2016

Name(s) of Defendant(s): Scott Louis Slocum; Dalton Mechanical SIMPLE IRA Plan

Allegations: Based on an investigation by the U.S. Department of Labor’s Employee Benefits Security Administration, the Secretary of Labor obtained a default judgment based on the following:

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration has reached a settlement agreement with a subsidiary of Invesco Ltd., an Atlanta-based investment management firm.

Invesco Trust Company agreed to pay a total of $10.27 million to settle the department's claims that they violated the Employee Retirement Income Security Act.

Date of Action: April 26, 2016

Type of Action: Employee Retirement Income Security Act Lawsuit

Names of Defendants: Lori Jo Mueller, Edelweiss 401(K) Plan

Date of Action: April 19, 2016

Type of Actions: Employee Retirement Income Security Act Lawsuit

Defendants: The Leiter Group Attorneys and Counselors Professional Corporation and Thomas E. Leiter

Date of Action:  April 18, 2015

Type of Action: Consent Judgment and Order  

Names of Defendants:  Brunk Industries Inc., James Brunk, and the Contractors and Employees 401(k) Plan

LOS ANGELES – In a sweeping decision, a federal judge in Los Angeles has found that City National Corporation violated employee retirement laws when it chose its own staff to administer its employee retirement plan in exchange for millions of dollars of unchecked, unreasonably high compensation.

Date of Action: April 13, 2016

Name(s) of Defendants: Interactive Marketing Group Inc. 401(k) Profit-Sharing Plan

Date of Action: April 1, 2016

Type of Action: Complaint

Name(s) of Defendants: Carlos R. Calderon
C.R. Calderon Construction Inc.
Contractors and Employees 401(k) Profit-Sharing Plan

ATLANTA – A federal judge has entered a consent order expanding substantially the scope of a previous judgment and order between the U.S. Department of Labor and attorney David R. Johanson and his prior law firm, Johanson Berenson LLP, arising from their involvement in three Mississippi cases.

“For Americans who are doing the hard work of saving for retirement, let’s make sure that they get a fair deal.” – President Barack Obama, White House Conference on Aging, July 13, 2015

Date of action:  March 24, 2016

Type of action: Complaint

Names of defendants: Lily Pond Nursing Home Savings Plan

Date of action: March 28, 2016

Type of action: Complaint

Names of defendants: Astro Communications 401(k) Plan

Date of Action: March 31, 2016

Type of Actions: Employee Retirement Income Security Act Lawsuit, Adversary Complaint in Bankruptcy Petition No. 15-23963.

Defendants: Michael A. Lewis, Monica Fox

Acme Orthotics and Prosthetics Laboratories Inc. Profit Sharing 401(k) Plan and Trust.

The president and owner of Acme, Michael A. Lewis is the sole named defendant in the adversary complaint filed in bankruptcy court.

Date of action: March 1, 2016

Type of action: Consent Judgment and Order

Names of defendants: H.C. Watson Corp., doing business as Interim HealthCare, James C. Watson and Melissa Moore, formerly known as Melissa Belanger and Melissa Greenlaw.