McKinsey Agrees To $40M Deal In ERISA Self-Dealing Suit

Law360 (August 11, 2020, 11:06 AM EDT) -- McKinsey & Co. Inc. has struck a $40 million deal to settle a proposed ERISA class action alleging its employee retirement plans enriched a company subsidiary by tens of millions of dollars at workers' expense, according to documents filed in New York federal court.

Former McKinsey employee Tushar Bhatia — suing on behalf of more than 30,000 current and former McKinsey employees — filed settlement paperwork Monday, seeking court approval of a $39.5 million pact that also requires the company to undergo independent review of its retirement plans' investment strategy for three years.

Bhatia sued the company in February 2019, accusing...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!