Court Rules that Schlichter Bogard & Denton’s 401(k) Suit Against Oracle May Proceed

On March 22, U.S. District Judge Robert E. Blackburn denied a motion to dismiss excessive-fee claims brought by Schlichter Bogard & Denton on behalf of participants in Oracle’s 401(k) plan. In denying Oracle’s motion to dismiss Schlichter Bogard & Denton’s suit, Judge Blackburn relied upon a magistrate judge’s report recommending that the case should move forward. Articles describing the magistrate judge’s report and Judge Blackburn’s opinion can be found here and here. Judge Blackburn’s full opinion can be found here.

For additional information about Schlichter Bogard & Denton’s ERISA and Financial Abuse practice, please contact Schlichter Bogard & Denton at 1-800-873-5297 or sbd@uselaws.com.