ERISA and Financial Abuse News

Northrop Grumman 401(k) Excessive Fee Suit Granted Class Certification

On Thursday November 3, a California federal judge granted class certification in an ERISA suit brought by Schlichter Bogard & Denton on behalf of participants in a 401(k) plan sponsored by Northrop Grumman. In granting class certification, U.S. District… Read More

Supreme Court Preserves Schlichter Bogard & Denton Appellate Win in Longstanding 401(k) Case Against ABB

On Monday, October 2, the U.S. Supreme Court declined ABB, Inc.’s petition to review a longstanding 401(k) case filed in 2006 by Schlichter Bogard & Denton on behalf of participants in two 401(k) plans sponsored by ABB. In denying ABB’s petition to review… Read More

InvestmentNews Recognizes Schlichter Bogard & Denton's "Indelible Mark" on the Retirement Industry

A recent InvestmentNews article has described the significant impact of the work of Jerome Schlichter and Schlichter Bogard & Denton on the retirement industry, describing the firm’s contributions as leaving an “indelible mark.” As the article describes,… Read More

Schlichter Bogard & Denton's Suit on Behalf of MIT 401(k) Participants Advances

On August 31, Federal Magistrate Judge Marianne B. Bowler recommended that Schlichter Bogard & Denton’s suit against Massachusetts Institute of Technology (“MIT”) should proceed. Plaintiffs, who are current and former employees at MIT and participants… Read More

Schlichter Bogard & Denton Achieves Class Certification in ERISA Fiduciary Breach Case Against BB&T

Schlichter Bogard & Denton has obtained class certification in an action brought on behalf of as many as 67,000 current and former participants in a BB&T 401(k) plan. On August 28th, U.S. District Judge Catherine Eagles issued an order certifying a class… Read More

Schlichter Bogard & Denton Obtains Trial Victory In Historic 401(k) Excessive Fee Case Against Edison International

Schlichter Bogard & Denton has obtained a trial victory on behalf of the workers and retirees of Edison International in an ERISA fiduciary breach excessive fee case that was tried twice and involved an appeal all the way to the United States Supreme… Read More

Schlichter Bogard Denton Obtains $16.75 Million Settlement In Longstanding 401(k) Excessive Fee Case Against Northrop Grumman

Schlichter Bogard & Denton has reached a $16.75 million settlement with Northrop Grumman on behalf of participants in Northrop Grumman’s 401(k) plan. Among other things, the complaint alleged that Northrop Grumman violated its duties to plan participants… Read More

Wall Street Journal Profiles Jerry Schlichter as “Lawyer on a Quest to Lower Your 401(k) Fees”

The Wall Street Journal has profiled Schlichter Bogard & Denton managing partner Jerry Schlichter in connection with the firm’s decade-long battle against excessive fees in retirement plans.  The piece recognizes that since 2010, Schlichter Bogard &… Read More

InvestmentNews Highlights Schlichter Bogard & Denton’s Claims Against 403(b) Plan Sponsors

A recent InvestmentNews article highlights claims brought by Schlichter Bogard & Denton in lawsuits against several universities that target, among other things, the use of multiple recordkeepers in universities’ retirement plans. The article recounts… Read More

Eighth Circuit Rejects ABB Inc.’s Request for a Rehearing in Longstanding 401(k) Suit Brought by Schlichter Bogard & Denton

On May 19, the U.S. Court of Appeals for the Eighth Circuit issued a one-sentence order refusing a bid by ABB, Inc. for rehearing of an opinion the Court issued in March that remanded a suit filed by Schlichter Bogard & Denton on behalf of ABB’s employees… Read More