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If 2008’s figures on ERISA and FLSA lawsuits are any indication, employers can expect even more legal filings this year, as employees continue to lose their jobs in the economic recession, predicts international law firm Seyfarth Shaw.
According the 5th Annual Workplace Class Action Litigation Report compiled by Seyfarth Shaw, the top 10 ERISA class action settlements entered into or paid in 2008 totaled $17.7 billion, up from the $1.818 billion settlement tally of the previous year.
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With more than 400 million health data breaches recorded since 2021, failure to protect plan participants from fraud may serve as fertile ground for class-action litigation.
Experts suggest that process and disclosure matter more than ever in the face of class-action lawsuits alleging overpayments on voluntary benefits premiums.
The Labor Department is siding with plan sponsors in a growing wave of ERISA lawsuits challenging how forfeited 401(k) funds are used.
Novel legal theories and a lower bar for plaintiffs could unleash an explosion in ERISA-based lawsuits against 401(k) plan providers.
A chief insurance officer discusses why fiduciary liability coverage, employee education and smart communication are essential.
