Plaintiffs Bar Attacking On ERISA Front

Law360, New York (August 21, 2008, 12:00 AM EDT) -- In a post-Enron and WorldCom world, the plaintiffs bar is increasingly looking to bring potentially bank-breaking Employee Retirement Income Security Act claims — often in tandem with securities class actions.

Attorneys disagree on whether more ERISA lawsuits are actually being filed or whether it’s just that more suits are being brought as class actions, meaning there are more plaintiffs and the risk of higher damages. All agree, however, that suits tied to pension or 401(k) plan losses can be extremely costly for companies.

“The class action...
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