Robbins Arroyo LLP’s ERISA litigation practice has a history of achieving results in complex class actions filed on behalf of employees and former employees when their retirement savings have suffered financial loss due to violations of the ERISA law. Robbins Arroyo LLP lawyers expertly prosecute such actions against plan fiduciaries who are responsible for the improper management of protected retirement pensions.
What is ERISA Law?
Many Americans participate in pension or 401k plans offered by their employers to help them save for their retirement. The Employee Retirement Income Security Act of 1974 (“ERISA”) is a federal law to help safeguard retirement plan assets from mismanagement and misconduct by plan fiduciaries, including corporate managers. The law assigns standards of fiduciary responsibility to those who manage and control plan assets and gives participants the right to sue for benefits and breaches of fiduciary duty when their retirement savings have lost value by improper management decisions.
Violations of ERISA Law: What to Watch For
A key signal of wrongdoing is when plan trustees fail to disclose to plan participants important information about the company’s financial condition, and their retirement savings lose value as a result. For example, if plan fiduciaries deviate from generally accepted accounting practices or hide illegal activity in reporting the pension plan’s performance, and at the same time encourage or allow employees to buy company stock or continue to hold the stock, plan fiduciaries may be in violation of ERISA laws.
We Can Help Protect Your Retirement Savings through ERISA Litigation
Through effective ERISA litigation, our lawyers pursue monetary recovery for losses on behalf of plan participants and have achieved millions of dollars for clients. For example, Robbins Arroyo LLP has represented employees and former employees in ERISA lawsuits involving Tyco International Ltd, Qwest Communications International Inc., and Rhodia Inc., and helped recover over $100 million in retirement savings for these classes of employees. Visit our Noteworthy Cases page for additional information or contact us to learn more about our practice.
Free Evaluation of Your Potential Case: Report an ERISA Violation
If you participate or have participated in an employee benefits plan offered by your employer and believe the people you entrusted to manage your retirement savings acted improperly or irresponsibly and exposed your savings to unnecessary risk and financial loss, Robbins Arroyo LLP attorneys can help evaluate your claims and discuss the remedies and relief available to you. Contact our ERISA litigation attorneys for a free evaluation of your potential case.