On August 22, 2021, the United States District Court for the Southern District of New York issued an order denying a Motion to Stay All Proceedings filed by Defendants Estee Lauder Inc., the Board of Directors of Estee Lauder, and the Estee Lauder Inc. Fiduciary...
Nationwide Class Action Law Firm
Employee Benefits & ERISA
SDNY Rejects Esteé Lauder’s Request to Reconsider Denial of Motion to Dismiss
New York, NY – On June 7, 2021, a New York federal court issued an Order denying Defendants’ motion to dismiss an excessive fee class action lawsuit on behalf of participants in the company’s 401(k) retirement plan. Only a few weeks after the court denied Esteé...
CDI Corporation settles ERISA lawsuit
Last month, Edleson Lechtzin LLP won another success in the battle against companies that breach their fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA). We brought the class action against CDI Corporation last year on behalf of two of...
Konica Minolta Must Face ERISA Breach of Fiduciary Duty Class Action
Konica Minolta Business Solutions U.S.A., Inc., is unable to duck a proposed class action accusing it of breaching its fiduciary duties in managing the company’s 401(k) retirement plan
What are common ways that fiduciaries breach their ERISA duties?
When your employer offers you 401(k) and 403(b) plans, the Employee Retirement Income Security Act of 1974, or ERISA, requires both your employers and their fiduciaries to use good judgment about how to protect that money. Fiduciaries are only allowed to act in the...
Stantec Consulting Services Can’t Escape ERISA Breach of Fiduciary Duty Class Action
Phoenix, AZ, May 18, 2021 – Stantec Consulting Services, Inc. must face a proposed class action accusing it of breaching its fiduciary duties in managing the company’s 401(k) retirement plan, an Arizona federal judge ruled on Tuesday. U.S. District Judge G. Murray...
Securities Broker Deferred Compensation Fraud
is investigating whether certain securities brokerage entities violated the Employee Retirement Income Security Act (“ERISA”) by failing to pay deferred compensation to brokers after he or she leaves a company that had a plan that deferred...
Could your company be engaging in ERISA fraud?
You work hard at your job to earn a decent living and hope to retire comfortably one day, thanks to the contributions made to your 401(k). The long hours and missed opportunities with family and friends are all part of the sacrifices you make to one day be able to...
What is the federal benefits protection program ERISA?
The acronym ERISA, stands for the Employee Retirement Income Security Act. ERISA is a federal law that establishes the standards for private employee benefit plans. The program does not require employers to sponsor benefit plans for their workers. If employers choose...
An ERISA fiduciary must act in your best interests
Saving for retirement through your employer, via a 401(k) or a similar plan, can be a very wise financial choice. It’s something you settle on because you want to be prepared for the future. You trust the fiduciary to help you get the best possible returns. Bound by...