|Retirement Plan Litigation|
Dyer & Berens LLP also specializes in breach of fiduciary duty actions brought under the Employee Retirement Income Security Act of 1974 (“ERISA”). ERISA is a federal law which governs the conduct of private employers who sponsor 401(k) and other retirement accounts, and requires them to act prudently, loyally and with the highest regard for the interests of employees in selecting plan investment options and investing plan assets. Nonetheless, companies and plan administrators often breach their fiduciary duties when they allow investment in company securities despite having access to inside information which indicates that such an investment is no longer a prudent choice.
We are committed to litigating claims on behalf of pension plan participants and have been counsel in several nationwide ERISA actions, including Hellman v. SunTrust Banks, Inc., In re Countrywide ERISA Litigation, In re Wachovia Corp. ERISA Litigation, and Sandoval v. IndyMac Bank, F.S.B.
Dyer & Berens LLP also monitors and investigates potential ERISA violations with respect to publicly-traded companies that sponsor employee 401(k) or similar plans. Click here to see the companies we are currently investigating.