The US Labor Department is under fire from Republican lawmakers and industry groups representing workplace retirement plan sponsors for allegedly feeding enforcement data to private-sector plaintiffs suing the plans they regulate.
DOL’s Employee Benefits Security Administration shared the identity of at least six retirement plans connected to a trustee under government audit with a plaintiffs’ firm suing one of those plans and the trustee, according to federal court documents. A GOP-led House panel is calling for an internal investigation.
Regulators and law firms can usually shield their relationships from the public eye by entering into “common interest agreements,” which apply ...
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