Employers Offering Voluntary Benefits Face a New Wave of ERISA Litigation
Just about 20 years ago, Schlichter Bogard LLC, a prominent national plaintiffs’ law firm, filed a wave of putative ERISA class actions challenging how employers administered their 401(k) plans. Those cases led to two decades of litigation. Hundreds of similar cases were filed, resulting in billions in settlements and judgments. What largely started as a challenge to a discrete issue—how...
