17May
$24 Million Settlement of BB&T ERISA Class Action Receives Final Approval
On May 6, 2019, Judge Catherine C. Eagles of the U.S. District Court for the Middle District of North Carolina entered an order approving a $24 million settlement of a case brought by Schlichter Bogard & Denton on behalf of participants in the BB&T Corporation 401(k) plan. The lawsuit alleged, among other things, that the […]
13May
Third Circuit Reinstates ERISA Class Action Brought by Schlichter Bogard & Denton on Behalf of University of Pennsylvania Retirement Plan Participants
On May 2, 2019, the U.S. Court of Appeals for the Third Circuit reinstated an ERISA class action against the University of Pennsylvania handled by Schlichter Bogard & Denton. In the case, workers and retirees alleged that the defendants allowed excessive fees to be charged and included high cost and poorly performing investment options in the […]
9May
Wall Street Journal: Vanderbilt Settlement Handled by Schlichter Bogard & Denton at Forefront of New Retirement Plan Battleground
On May 8, 2019, the Wall Street Journal reported that cases handled by Schlichter Bogard & Denton are at the forefront of a new litigation battleground—the marketing of financial products and services using retirement plan participants’ confidential personal information. According to the article, as retirement plan fees have fallen, asset managers and recordkeepers have sought to make up lost […]