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ERISA and Financial Abuse News

$23.65 Million Anthem 401(k) Settlement Receives Preliminary Approval

On April 9, 2019, the U.S. District Court for the Southern District of Indiana granted preliminary approval of a $23.65 settlement in a case handled by Schlichter Bogard & Denton regarding the Anthem 401(k) plan.  The case, filed in 2015, alleged that the plan’s fiduciaries violated their duties to plan participants by including underperforming and […]

Schlichter Bogard & Denton Achieves Historic $55 Million Settlement in Case against ABB

On March 28, 2019, Schlichter Bogard & Denton announced a $55 million settlement in a long-running class action against ABB, Inc.

U.S. Supreme Court Declines to Hear USC’s Appeal in Case Handled by Schlichter Bogard & Denton

On February 19, 2019, the United States Supreme Court denied certiorari in an ERISA case, preserving the Ninth Circuit Court of Appeal’s decision that plaintiffs did not have to arbitrate their claims.

Jerry Schlichter Interviewed Regarding How Retirement Plans Have Changed as the Result of Schlichter Bogard & Denton’s Work

On February 1, 2019, the St. Louis Business Journal profiled Jerome Schlichter, managing partner of Schlichter Bogard & Denton, in a piece titled

Schlichter Bogard & Denton Obtains Class Certification in Anthem 401(k) Case

On January 24, 2019, an Indiana federal judge certified two subclasses of Anthem 401(k) retirement plan participants, allowing the plaintiffs to proceed with their excessive fee claims on a class-wide basis.

Academic Report Attributes Reduced Retirement Plan Fees to Litigation Spearheaded by Schlichter Bogard & Denton

In May, the Center for Retirement Research at Boston College issued a report titled 401(k) Lawsuits: What Are The Causes and Consequences? 

Schlichter Bogard & Denton Secures $17 Million Settlement in 401(k) Excessive Fee Suit Against Philips North America

Schlichter Bogard & Denton has secured a $17 million settlement with Philips North America on behalf ofthousands of participants in the company’s 401(k) retirement plan.