Posts tagged fiduciary duty
Plan Sponsors Get Go-Ahead on Alternatives as DOL Shifts Stance
August 22, 2025 // For plan sponsors, this regulatory shift provides much-needed clarity and removes a significant deterrent that had been hanging over alternative investment discussions. The DOL has essentially returned to a neutral, principles-based approach that allows fiduciaries to evaluate all investment options based on their merits rather than facing special scrutiny for considering alternatives.
There’s a Crisis Brewing at UAW
July 10, 2025 // Fain allegedly engaged in other behavior unbecoming of a union leader. According to the report, he launched into a “tirade” over printed material describing the UAW’s tentative agreement with Stellantis, yelling, “Who told you to put [Mock’s] motherf***ing photo on there? This is my motherf***ing membership.” He then allegedly shouted, “who the f**k runs this mother***ing department?” The report notes that the UAW employee on the receiving end of Fain’s outburst was left shaken and in tears. In a response submitted to the court on June 20, Harold Gurewitz, the UAW’s attorney and a criminal-defense specialist, argued that the union’s decision to remove Mock’s responsibilities “should not be subject to judicial or governmental interference.” Regardless of the legal merits, the idea that the union president’s personal judgement, no matter how irrational or corrupt, is beyond scrutiny is likely to rankle union dissidents. Some staged a “No Kings” rally outside UAW headquarters in Detroit following the release of the monitor’s report—a message aimed at President Fain, not President Trump.
Pa. Worker Sues Union, State Over Mishandled Promotion
June 13, 2025 // Veteran state employee Todd Burns was in line for a well-deserved promotion until state officials allegedly violated his employment contract to promote someone less qualified but who had close ties to management. Burns turned to his union for help, only for AFSCME, Council 13, to refuse to defend the contract, despite his many years as a dues-paying member. Now, Burns is suing his union for violating state law by failing to provide him with fair representation and his employer, the Pennsylvania Public Utility Commission (PUC), for breaking his employment contract.
New Haven firefighters’ union sues state union after relationship breakdown
March 14, 2025 // New Haven's firefighters’ union, Local 825, announced Tuesday the filing of a four-count lawsuit against the Uniformed Professional Fire Fighters Association of Connecticut, a union which represents the state's fire departments, alleging a breach of fiduciary duty.
Competitive Enterprise Institute Opinion: Time to End the ESG Shakedown
January 21, 2025 // Any agency that is not charged by Congress with pursuing those specific goals should not have staffers assigned to those goals. The Environmental Protection Agency is the place for climate policy; the Equal Employment Opportunity Commission is the place for workplace discrimination claims. The executive branch does not need an infinite regress of staff, in each agency, assigned to advance every progressive policy priority under the sun. New leaders at the independent agencies, such as the Securities and Exchange Commission and the Federal Trade Commission, will receive less direct instruction from the new president. Still, they will have broad discretion to set the agenda at their respective agencies for enforcement, future rulemakings, and repeals. SEC chairman-designate Paul Atkins, for example, will have the ability to fully reverse the pro-ESG mission creep seen over the last four years. He can, instead, focus the SEC on such charmingly old-fashioned goals as encouraging capital formation and new investment opportunities rather than micromanaging the board decisions of every public company in America.
Teachers Union Takes Legal Action Over Sac City Unified’s ‘Refusal’ To Address Make-Up Days Related To Strike
May 20, 2022 // The teachers union said it raised the need to address make-up days on April 3, when they negotiated with SCUSD to settle and end the eight-day strike. Fisher said SCUSD has been “slow-walking” discussions related to the make-up days.