Berger & Montague's ERISA & Employee
Benefits Group represents employees who have claims under the
federal Employee Retirement Income Security Act.
Our firm's ERISA & Employee Benefits Group litigates cases
on behalf of employees whose 401(k) and pension investments have
suffered severe losses as a result of the breach of fiduciary
duties by plan administrators and the companies they
represent. Under the leadership of Managing Shareholder
Todd S. Collins (pictured below), our ERISA & Employee
Benefits Group has recovered hundreds of millions of dollars
in lost retirement benefits for American workers, and also
favorably structured their retirement plans.
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| Todd Collins, Managing Shareholder in ERISA
& Employee Benefits Group |
By committing our considerable resources to litigating claims on
behalf of injured retirement plan participants who
have suffered severe losses due to corporate
misrepresentations or other wrongdoing, we protect
employees' retirement benefits held in traditional
pension plans, 401(k) plans and employee stock ownership plans
("ESOPs").
Unfortunately, employees are sometimes misled into purchasing
overvalued employer stock through employer-sponsored 401(k)
retirement plans. Often, it is imprudent for 401(k) plan
fiduciaries to recommend or even to allow the investment in company
stock as one of the options available to 401(k) plan participants.
Some employers also violate their fiduciary duty to their employees
by allowing excessive, unreasonable or undisclosed fees in their
retirement plans.
Where ERISA does not apply, such as with retirement plans for
government workers, we have brought lawsuits alleging a breach of
trust under applicable law. Where appropriate, our ERISA &
Employee Benefits Group may also use the civil version of
the federal legal tool commonly wielded in the prosecution of
organized crime and drug kingpins, the Racketeer Influenced and
Corrupt Organizations Act ("RICO"). We also utilize state
consumer fraud laws and state common law in class action
and other litigation to help recover retirement benefits for
American workers who have been injured by their employers.
Berger & Montague's successes in
ERISA lawsuits include, just for example:
- In re Lucent Technologies, Inc. ERISA
Litigation, Civil Action No. 01-CV-3491 (D.N.J.) ($69
million recovery);
- In re SPX Corporation ERISA
Litigation, No. 3:04 cv 192 (W.D.N.C.) (recovery on behalf
of 401(k) plan participants who invested in company stock totaling
approximately 90 percent of estimated losses); and
- In
re Nortel Networks ERISA Litigation, Civil Action No.
01-CV-1855 (MD Tenn.) ($21.5 million settlement in 401(k) company
stock case).
No Fees Without Recovery
Berger & Montague ERISA and employee
benefits cases are often litigated on a contingent
fee basis, so plaintiffs and the class do not pay attorneys' fees
or court costs unless there is a recovery.
Contact Us To Learn
More
We invite you to learn more about our
ERISA & Employee Benefits Group. Berger & Montague
welcomes referrals from other law firms and attorneys. For
more information or to schedule a confidential discussion about a
potential case, please fill out the Contact Form on the
right, email us at info@bm.net, or contact an
ERISA & Employee Benefits Group shareholder. We are
available to evaluate potential ERISA and employee
benefits cases without charge.
Pending Cases & Settlements
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