“Plaintiffs have alleged facts to support an inference of imprudence, as they have alleged well-pled facts regarding performance of the chosen funds in comparison to the less-expensive funds, and superior performance of the less expensive choice. These facts, assumed true, support the inference that Defendants breached their fiduciary duty in selecting the higher-cost funds.”
"Overall this case has been a model of efficient federal litigation."
Hon. Stephen J. Murphy, III commenting on Class Counsel in Slavens v. Meritor Inc.
Over $1 Billion Recovered
Firm News
U.S. Chamber of Commerce denied leave to file amicus brief in ERISA Class Action
Washington, D.C. - The Chamber of Commerce of the United States of America ("Chamber") is one of the most influential lobbying groups in the country, and it regularly submits amicus curiae briefs in significant appellate cases in order to advance its pro-business...
Michigan Federal Court Denies Yanfeng’s Motion to Dismiss 401(k) Class Action
The 401(k) retirement plan participants allege that the Plan’s fiduciaries selected and retained certain actively managed funds with excessively high fees that underperformed other available alternatives including lower-cost index funds. They also allege that the Plan’s fiduciaries failed to properly monitor potentially conflicted dual-registered advisors and their commissions. Plaintiffs’ allegations “taken as a whole are sufficient to make out a claim of breach of the duty of prudence.”
S.D.N.Y. Denies Estee Lauder Inc.’s Motion to Stay ERISA Class Action
Judge Jesse M. Furman of the U.S. District Court for the Southern District of New York, issued an Order denying a Motion to Stay All Proceedings filed by Defendants in Bilello v. Estee Lauder Inc. Upon the Court’s review of the parties briefs and the relevant factors for staying litigation, the Court denied Defendants’ motion for a stay pending the Supreme Court’s resolution of Hughes v. Northwestern Univ.
Washington University Employees Seek Class Certification In ERISA Lawsuit
June 23, 2021, St. Louis, Missouri – Current and former employees of Washington University in St. Louis have filed a Reply Brief in further support of their motion for class certification in their lawsuit against their fiduciaries of University’s 403(b) retirement...
Estee Lauder Must Face Class Action Alleging Financial Imprudence in Management of Company’s 401(k) Retirement Plan
June 8, 2021, New York, NY – U.S. District Judge Jesse Furman rejected a motion to dismiss an ERISA class action lawsuit pursued by five current and former employees of Estee Lauder Inc. Plaintiffs argue that they fell victim to unreasonably high fees associated with...
Eric Lechtzin Selected For Super Lawyers 2021
Edelson Lechtzin LLP is pleased to announce that Co-Managing Partner, Eric Lechtzin, has been selected for Super Lawyers 2021. This marks Mr. Lechtzin’s 5th consecutive selection in the area of Class Action and Mass Torts in Pennsylvania. Being recognized as a Super...
NACA Pennsylvania State Chair, Eric Lechtzin, Supports Rescinding OCC Lending Rule
Washington, D.C., April 27, 2021 -- Eric Lechtzin, the Pennsylvania State Chair of the National Association of Consumer Advocates (NACA), joined leaders from 36 states in signing a letter to the U.S. Congress demanding that it immediately pass a resolution to rescind...