ERISA & 401(k)

The Employee Retirement Income Security Act ("ERISA") governs the conduct of private (non-governmental) employers who sponsor employee benefit plans and persons who manage those plans and control their assets. ERISA imposes duties on persons influencing or controlling plan investments, sets minimum standards in the design of certain employee benefit plans, and makes enforceable the standards of conduct. ERISA requires that persons involved in the management of plans and the control of their assets must act in the best interest of the employees covered by the plan and their beneficiaries, not in the interest of the employer, with respect to managing the retirement or other benefit plan.

Current and former employees who hold company stock in a retirement vehicle, including traditional pension plans, 401(k) plans, and employee stock ownership plans ("ESOPs"), may bring suit on behalf of all plan participants to seek recovery of losses due to a loss in value of the employer’s stock price, based on a violation of ERISA.

Read more about our cases and who we represent:

AIG Employees		Lehman Brothers Employees
Information about AIG 401k Losses		Information on the Lehman Brothers 401(k) Lawsuit