Employee Benefits and Trust Litigation

Allen v. GreatBanc Trust Co.

Allen v. GreatBanc Trust Co. ─ The U.S. Court of Appeals for the Seventh Circuit released in 2016 a published opinion siding with ESOP participants represented by Bailey & Glasser and defining important standards for complaints in ESOP cases. The litigation continues in district court, where the team seeks to recover losses following the Personal-Touch […]

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(Monavie Matter) Jessop v. Larsen

Jessop v. Larsen ─ In 2016 Bailey & Glasser negotiated a settlement under which the former top officers and owners of once-high flying nutritional juice company MonaVie, and plan trustee Bankers Trust Co. of South Dakota, agreed to pay $19.8 million to settle a lawsuit over an employee stock program that lost nearly all of […]

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IEOU Local 818 Apprenticeship Fund

IEOU Local 818 Apprenticeship Fund. We represented three widows whose husbands had been fraudulently excluded from receiving pension benefits by union officers. We recovered hundreds of thousands of dollars in back payments plus a monthly pension check going forward.

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Ames v. TruTemper

Ames v. TruTemper. We represented a group of retirees who claimed improper adjustments to their pension benefits. We recovered increased pension benefits on behalf of the class.  

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Henderson v. Bank of New York Mellon

Henderson v. Bank of New York Mellon. We represent Ms. Henderson and her family trust who are suing as a class action for all similarly-situated trusts. Ms. Henderson alleges on her trust’s behalf and on behalf of the class of trusts she represents that Bank of New York Mellon (“BNY”) used its trustee powers to […]

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National City Corp., Securities, Derivative & ERISA litigation

National City Corp., Securities, Derivative & ERISA litigation – We were class counsel alleging the defendant bank mismanaged 401(k) plan investments and forced its own high fee proprietary mutual funds to be used by its employees in the 401(k) plan. We were able to secure $43 million for the benefit of the workers and retirees […]

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Morgan Keegan ERISA Litigation

Morgan Keegan ERISA Litigation – As class counsel, Bailey & Glasser obtained a $22.5 million settlement in a case alleging that the defendant bank mismanaged 401(k) plan investments and forced its own high fee proprietary mutual funds to be used by its employees in the 401(k) plan  

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Diebold v. Northern Trust

Diebold v. Northern Trust – As co-lead counsel, Bailey & Glasser secured a $36 million cash settlement on behalf of hundreds of ERISA retirement plans who complained about mismanagement of class collateral pools.  

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Bilewicz v. Fidelity Investments

Bilewicz v. Fidelity Investments – Bailey & Glasser was named co-lead counsel representing nearly 100,000 current and former employees of Fidelity, who had been compelled to invest in Fidelity mutual funds despite the availability of better, cheaper investment options. The case settled for $12 million plus reforms to Fidelity’s employee 401(k) plan.  

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Brundle v. Wilmington Trust

Brundle v. Wilmington Trust ─ A federal judge in the Eastern District of Virginia ruled that Wilmington Trust N.A., the trustee for an Employee Stock Ownership Plan sponsored by Constellis Group, Inc., a Virginia-based private security firm, owes ESOP participants $30 million as result of a stock-purchase that violated the Employee Retirement Income Security Act […]

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