Front-Page Wall Street Journal Article Notes Schlichter Bogard & Denton’s Role in Reducing 401(k) Fees
In a front-page story, The Wall Street Journal today took note of the significant role Schlichter Bogard & Denton has played in reducing 401(k) fees nationwide. In explaining why employers have reduced retirement-plan fees considerably over the last several years, the paper explained that "employers are also reacting to recent settlements of some of the more than two dozen 401(k)-fee class-action lawsuits filed in 2006 and 2007, which such litigation was relatively new, said David Levine, partner at Groom Law Group in Washington, D.C. The law firm behind many fee related suits, Schlichter Bogard & Denton LLP of St. Louis, said settlements have totaled almost $300 million in its cases."
The Journal additionally noted Schlichter Bogard & Denton's 2015 landmark victory in the U.S. Supreme Court, and mentioned that Schlichter Bogard & Denton has filed several more fee-related suits in the last six months.