Caterpillar Inc.
A $16.5 million monetary settlement with substantial non-monetary relief.

"The Quality of Class Counsel's Services Was High."

"Given the complexity and novel nature of this litigation and the settlement reached, which, valued at around $73 million when non-monetary, affirmative relief is factored in, virtually stands alone in this type of litigation, it necessarily takes highly qualified attorneys performing at a high quality level to achieve the results obtained in this case. Class Counsel argues that it is the largest settlement in history for excessive fees in a 401(k) plan. In this case, Class Counsel went toe-to-toe with one of the largest companies in the world, and its formidable counsel, because Class Counsel was of sufficient size, had the expertise, and had the finances to risk the expense of lengthy litigation involving hundreds of hours of uncompensated legal work and substantial out-of-pocket costs for experts and other litigation expenses."

— Steve Martin v. Caterpillar
U.S. District Court Judge, remarking on the quality of service
Schlichter Bogard & Denton provided to employees and retirees
in this nationwide class action ERISA 401(k) case.

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General Dynamics
$15.15 million monetary settlement with substantial non-monetary relief.

“Jerome Schlichter, and Schlichter Bogard & Denton’s work throughout this litigation illustrates an exceptional example of a private attorney general risking large sums of money and investing many thousands of hours for the benefit of employees and retirees. No case had previously been brought by either the Department of Labor or private attorneys against large employers for excessive fees in a 401(k) plan. Class Counsel performed substantial work for more than a year, investigating facts, examining documents, and consulting and paying experts to determine whether it was viable. This case has been pending since September 11, 2006. Litigating the case required Class Counsel to be of the highest caliber and committed to the interests of the participants and beneficiaries of the General Dynamics 401(k) Plans.”

– Eric Will v. General Dynamics
U.S. District Court Judge, describing the firm’s caliber of
service and dedication to employees and retirees in this
nationwide class action ERISA 401(k) case.

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Bechtel
$18.5 million monetary settlement with substantial non-monetary relief.

“I am not aware of another firm in the United States which has obtained such broad, powerful relief for the future as Schlichter Bogard & Denton has obtained in this case. To my knowledge, the Department of Labor itself has never obtained such broad future relief for a large 401(k) plan. The achievement of the firm is truly extraordinary and is an example of a 'private attorney general', that is a private law firm obtaining a result that exceeds even what any public entity has obtained.”

– Jay E. Sushelsky
Attorney for the AARP Foundation Litigation commenting on the efforts Schlichter Bogard & Denton provided to employees and retirees in this Nationwide Class action ERISA 401(k) case Kanawi v. Bechtel.