Category: ERISA & ESOP
Bailey Glasser ERISA Litigators Defeat Motion to Dismiss ESOP Case Against Members of Privacy Equity Firm
This decision is notable because it provides accountability for principals at private equity firms who may be personally liable for their conduct in orchestrating ESOP transactions.
Bailey Glasser Heads Back to Supreme Court for Intel ERISA Appeal
The plaintiffs allege that the defendants mismanaged retirement plan assets by stuffing target date funds in the Intel plans with expensive, opaque, and esoteric private equity and hedge fund investments. These outlier investments caused Intel employees to lose hundreds of millions of dollars in retirement savings.
BG Files Petition for Cert to the U.S. Supreme Court in Intel ERISA Case
The cert petition challenges the 9th Circuit’s “meaningful benchmark” rule that requires comparisons to nearly identical funds.