The Employee Retirement Income Security Act (ERISA) requires employers to act prudently and in the best interests of their employees in their administration of employee benefit plans such as 401(k) retirement plans and employee stock ownership plans. An employer and certain other third parties who violate their trust in the selection of plan investment options or by investing in company stock may be liable under ERISA for the losses incurred by employees in their retirement and other benefit plans.
Campbell Harrison & Dagley L.L.P. has teamed with other nationally recognized law firms to recover benefit plan losses for company employees in the following cases:
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Representation of Enron employees in a class action against the company, certain officers and directors, the plans' administrative committees, and the plans' trustee for recovery of losses incurred by the Enron 401(k), employee stock ownership, and cash balance plans following the collapse of Enron, resulting in recoveries totaling over $265 million.
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Representation of the employees of CMS Energy Corporation in a class action against CMS and certain of its officers for recovery of losses incurred in the CMS employees’ 401(k) retirement and stock ownership benefit plans, resulting in a $28 million settlement.
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Representation of the employees of Dynegy, Inc., in a class action against Dynegy and certain of its officers and directors for recovery of losses incurred in the employees’ 401(k) retirement plan, resulting in a $30.75 million recovery.
To learn more about our lawyers and our practice, please review the information in this website and contact us if you wish to discuss your legal concern.
