Category: ERISA & ESOP
BG ERISA Team Protects Retirees From Boilerplate Arbitration Demand
Bailey Glasser’s ERISA litigation team scored a victory for retirement plan savers Monday, when U.S. District Court Judge Steven Grimberg rejected efforts by fiduciaries to The North Highland Company Employee Stock Ownership (ESOP) and 401(k) Plan to require its former employees to arbitrate claims related to the company ESOP.
Bailey Glasser Defeats Motion to Dismiss in $100 Million ERISA Action
Our ERISA team scored a victory for retirement plan savers Friday, when U.S. District Court Judge Robert Chatigny overwhelmingly rejected defendants’ motions to dismiss claims against fiduciaries to the Frontier Communications 401(k) Savings Plan.
Federal Appeals Court Reinforces Protection for Worker Class Action Rights in ESOP Action
Bailey Glasser’s ERISA litigation team won another victory before the U.S. Court of Appeals for the Second Circuit, which declined to reconsider a May 2024 ruling that an employee stock ownership plan trustee and selling shareholders in a stock sale to the plan can’t compel individual arbitration of a representative action on behalf of the plan accusing them of overcharging the plan, rejecting the trustee’s argument that the panel unfairly displayed “hostility to arbitration.”