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In the last quarter century, employee benefit plans, especially 401(k) defined-contribution retirement plans, have become increasingly important as a means for saving for retirement and other purposes. Historically, litigation has arisen when stock or bond market fluctuations have imposed losses on these plans. The current financial crisis is no exception, and ERISA litigation over losses in these plans is once again on the rise. These losses typically relate to retirement plans containing employer stock in companies hit hard by the crisis. Shareholders may also pursue litigation over other poorly performing investments in 401(k) plans. In addition, crisis-related retirement plan disputes have arisen over such issues as the investment of cash collateral held in securities-lending programs.
Experts in NERA's Securities and Finance Practice have deep expertise in addressing the financial questions at issue in ERISA litigation, including prudence and reasonableness of decisions by fiduciaries, disclosure of information to plan participants, and estimation of losses to a plan or to its participants from alleged wrongdoing. In some cases, allegations are closely related to allegations in parallel shareholder class actions. In other cases, the allegations center on the retention of employer stock as an investment despite events (such as imminent bankruptcy) that heightened the risk of that stock. NERA's experts have also analyzed issues of allegedly excessive fees in 401(k) plans.
Name | Title | Location | Phone | |
---|---|---|---|---|
Lucy P. Allen | Managing Director | New York City | +1 212 345 5913 | lucy.allen@nera.com |
Dr. Patrick Conroy | Managing Director |
Miami
New York City |
+305 341 5025
+1 212 345 1466 |
patrick.conroy@nera.com |
Dr. Vinita Juneja |
Managing Director
Chair of NERA's White Collar, Investigations and Enforcement Practice |
New York City
London Toronto |
+1 212 345 3148
+44 20 7659 8618 +1 416 868 7314 |
vinita.juneja@nera.com |
Dr. Denise Neumann Martin | Managing Director | Miami | +1 305 808 7880 | denise.martin@nera.com |
Dr. Faten Sabry |
Managing Director
Chair of NERA's Global Securities and Finance Practice Bankruptcy Practice Chair |
New York City
London |
+1 212 345 3285
+44 20 7659 8618 |
faten.sabry@nera.com |
Dr. David Tabak | Managing Director | New York City | +1 212 345 2176 | david.tabak@nera.com |
Adam Warren | Managing Director | Chicago | +1 (312) 573-2821 | adam.warren@nera.com |
Dr. Ling Ling Ang | Director |
Washington, DC
Chicago |
+1 202 466 9259
+312 573 2827 |
lingling.ang@nera.com |
Robert Patton | Director |
Toronto
London New York City |
+1 416 868 7318
+44 20 7659 8620 +1 212 345 3000 |
robert.patton@nera.com |
Dr. Stephanie Plancich | Director | New York City | +1 212 345 7719 | stephanie.plancich@nera.com |
Dr. Airat Chanyshev | Associate Director | New York City | +1 212 345 7336 | airat.chanyshev@nera.com |
Dr. Andrew Carron | Affiliated Consultant |
New York City
London |
+1 212 345 5407
+44 20 7659 8500 |
andrew.carron.affiliate@nera.com |
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New York City Bankruptcy Conference | 10 June 2022 | |||
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Global Class Actions Symposium 2021 | 16 November 2021 | |||
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NERA Insights Webinar | Meme Stocks and the Gamification of Retail Investing | 20 May 2021 | |||
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A Look Back at 2020 and What’s Ahead in 2021: Trends & Developments in Securities Lit... | 18 February 2021 | |||
NERA Insights Webinar | The State of Securities Class Actions: 2020 Trends and a Look... | 27 January 2021 | |||
NERA Insights Webinar | How Digital Disruption Is Reshaping Antitrust in the Financia... | 10 September 2020 | |||