Some of the world's biggest insurers are expected to make offers for ING Groep's Asian life-insurance arm by Friday.

WSJ: What's News

Inside it, ING was selling variable and fixed annuities, which are mutual funds and bond-like investments wrapped in life insurance that, in policies like ING's, cost several times more than low-cost alternatives and provide minimal coverage.

FORBES: Spitzer's Painful Lesson

In addition to the lawsuits against plan sponsors, cases have been brought against 401(k) plan service providers, such as Fidelity, Principal Life, John Hancock, Nationwide and ING.

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