24Jul
Oracle Settlement Receives Final Approval; Schlichter Bogard & Denton “Dogged Advocates,” Experts in ERISA Litigation”
On July 9, a federal judge entered a final order approving a $12 million settlement of an ERISA class action lawsuit brought by Schlichter Bogard & Denton on behalf of thousands of Oracle Corporation workers and retirees. The case was slated to go to a bench trial on December 3, 2019, on which date the […]
16Jul
Schlichter Bogard & Denton Sues Astellas on Behalf of Participants in its $932 Million 401(k) Plan
On July 1, Schlichter Bogard & Denton filed suit against Astellas Pharma U.S. and Aon Hewitt Investment Consulting in the Northern District of Illinois on behalf of participants in the pharmaceutical company’s $932 million retirement plan. The complaint alleges, among other things, that the defendants breached their fiduciary duty by appointing, in 2016, Aon Hewitt […]
2Jul
Senior Partner Jerry Schlichter Quoted by The New York Times in Retirement Article
July 2, 2020 – As reported by The New York Times, the U.S. Department of Labor (“DOL”) is proposing a new federal regulation that could discourage retirement funds from making investments based on environmental, social and governance considerations (“ESGs”). In a June 23 news release, the DOL announced plans to “provide clear regulatory guideposts for […]