Confidential ERISA Litigation

Analysis Group was hired by counsel for a major manufacturer in an ERISA class action filed by participants in the company’s defined-contribution retirement plans. The plaintiffs claimed the company had breached its fiduciary duty by failing to prudently and loyally manage the retirement plans' investments in the company’s stock. The Analysis Group team assisted counsel by quantifying damages allegedly suffered by the class, assuming returns to alternative investments. Our team also filed an affidavit showing that the company’s stock was widely held by institutional investors and that many investment analysts had recommended purchasing the company’s stock during the period in which the plaintiffs alleged that the company was being imprudent with its investments. A favorable settlement for our client called for the company to provide the class members with additional financial advice but no monetary relief.