May 26, 2020
Schlichter Bogard & Denton LLP and two other firms will receive nearly $5.25 million in fees after a federal judge during a hearing Tuesday offered the attorneys representing Massachusetts Institute of Technology workers in an $18 million ERISA settlement a choice: take the deal or pay for a special master.
March 30, 2020
A group of firms led by Schlichter Bogard & Denton LLP has renewed a $6 million fee bid previously rejected by a Boston federal judge, arguing the request is fair given the firms' work helping Massachusetts Institute of Technology workers and retirees reach an $18 million ERISA settlement.
January 08, 2020
A Massachusetts federal judge told a group of firms led by Schlichter Bogard & Denton LLP serving as class counsel for Massachusetts Institute of Technology workers and retirees they would receive no more than $4.5 million instead of the $6 million requested from an $18 million ERISA settlement.
October 29, 2019
A class of Massachusetts Institute of Technology employees asked a judge late Monday to bless an $18.1 million settlement and $6 million in attorney fees for Schlichter Bogard & Denton LLP and other firms who brought the suit claiming the university violated the Employee Retirement Income Security Act by allowing excessive 401(k) fees.
September 12, 2019
The Massachusetts Institute of Technology and a class of employees have agreed in principle to settle a lawsuit alleging the university violated the Employee Retirement Income Security Act by mismanaging its 401(k) plan, according to a court filing Thursday.
September 09, 2019
A letter from MIT's president addressing donations the school received from the convicted sex offender Jeffrey Epstein demonstrates why he should testify in a trial challenging $23 million in donations MIT allegedly solicited from Fidelity using faculty members' retirement savings, a class of MIT workers said Monday.
September 06, 2019
Massachusetts Institute of Technology workers who say the school violated the Employee Retirement Income Security Act by mismanaging their retirement plan have told a Massachusetts federal judge they won't call Fidelity's CEO as a trial witness.
September 05, 2019
On the eve of trial, a Massachusetts federal judge refused to toss the bulk of an Employee Retirement Income Security Act class action accusing the Massachusetts Institute of Technology of costing its 401(k) plan millions of dollars, finding that the school and its workers offered "compelling and competing narratives" in the case.
August 27, 2019
A class of MIT workers has urged a Massachusetts federal judge not to issue an order blocking them from calling on Fidelity's CEO as a trial witness in their retirement plan suit against the university, calling the executive's claim that they were trying to harass her illogical.
August 20, 2019
The CEO of Fidelity has urged a Massachusetts federal judge not to let a group of MIT workers call her as a witness in their suit claiming the university wrongly placed Fidelity's interests above their own in managing their 401(k) plan, arguing the workers only made the request to harass her.