ERISA and Financial Abuse Litigation

Schlichter Bogard & Denton is a leader in protecting victims of financial abuse. We have successfully obtained relief valued at more than $1.5 billion on behalf of individuals harmed by financial wrongdoing – often by bringing lawsuits that other attorneys were unwilling to bring. This work has been repeatedly profiled, and the firm featured, in the national media, and the firm’s work has been repeatedly highlighted by federal judges.

A representative sample of recent media coverage concerning our efforts on behalf of 401(k) investors is below:

Prior Results

  • Tibble v. Edison. Obtained a unanimous 9-0 landmark decision in the United States Supreme Court on behalf of a class of 401(k) investors in the first Supreme Court case to consider fees in 401(k) plans.
  • Abbott v. Lockheed Martin. Achieved an historic $62 million settlement on behalf of employees and retirees, the largest ever in a 401(k) case involving excessive-fee allegations; obtained substantial additional non-monetary relief.
  • Spano v. Boeing. Obtained $57 million settlement on behalf of 401(k) investors, the second-largest ever in a case involving excessive-fee allegations.
  • Nolte v. Cigna. Achieved a $35 million settlement, including substantial non-monetary relief, on behalf of a class of 401(k) investors in case involving allegations of excessive fees and mismanagement.
  • Kruger v. Novant. Obtained $32 million settlement for employees and retirees, in addition to considerable non-monetary relief.
  • Gordon v. Mass. Mutual.  Obtained a $30.9 million settlement, with substantial non-monetary relief, on behalf of 401(k) investors.
  • Beesley v. International Paper. Obtained a $30 million settlement, with significant non-monetary relief, on behalf of 401(k) investors in retirement plan with alleged unreasonable high fees and unsuitable investments.
  • Krueger v. Ameriprise Financial. Obtained a $27.5 million settlement, with significant non-monetary relief, on behalf of 401(k) investors in retirement plan with alleged excessive fees.
  • Tussey v. ABB. Won a substantial eight-figure judgment on behalf of 401(k) investors in first full trial of 401(k) excessive fee claims; final amount pending on appeal.
  • Kanawi v. Bechtel. Obtained an $18.5 million monetary settlement with substantial non-monetary relief on behalf of 401(k) investors.
  • Martin v. Caterpillar Inc. Obtained a $16.5 million monetary settlement with substantial non-monetary relief on behalf of 401(k) investors.
  • Will v. General Dynamics. Obtained a $15.15 million monetary settlement with substantial non-monetary relief on behalf of 401(k) investors.