Practices
-High Stakes Litigation
-Complex Commercial Litigation
-Class Actions-Mass Torts
-Labor, Employment and Employee Benefits

Gregory Y. Porter

Greg is a partner at Bailey & Glasser. He has extensive experience litigating complex pension, consumer fraud, insurance sales, and RICO class actions in federal and state courts throughout the United States. Greg has sued and represented many Fortune 500 companies in class actions under the federal Employee Retirement Income Security Act (ERISA). Greg also represents whistleblowers in qui tam, securities, and commodities frauds.

Greg currently represents employees in several retirement plan class actions, including claims that large financial institutions have limited employee 401(k) plan investment options to inferior in-house mutual funds, that fiduciaries of 401(k) plans have imprudently invested employee retirement savings in employer stock, and that financial institutions have mismanaged securities lending programs. Greg has also defended companies, trustees and individuals in several landmark cases. Greg has argued ERISA appeals in the Second, Fourth, Sixth and Eighth United States Circuit Courts of Appeal.

Greg is a member of the Employee Benefits Committee of the American Bar Association's Labor and Employment Section. He is a contributing author to the Committee's respected treatise on employee benefits law and a former co-chair of the Committee's Preemption and Benefit Claims sub-committees. He is a regular speaker at the Committee's annual meeting and speaks at other conferences about employee benefits litigation, including the American Conference Institute's annual ERISA conference. Greg served for four years in the United States Infantry, including 18 months on the DMZ in Korea.

Professional Involvement

Bar Admissions
District of Columbia, 1998
Commonwealth of Virginia, 1996

Prior Experience
Prior to joining the firm in March 2009, Mr. Porter was a partner at McTigue & Porter, LLP

Court Admissions
U.S. Circuit Court of Appeals for the First Circuit
U.S. Circuit Court of Appeals for the Second Circuit
U.S. Circuit Court of Appeals for the Third Circuit /> U.S. Circuit Court of Appeals for the Fourth Circuit U.S. Circuit Court of Appeals for the Sixth Circuit /> U.S. Circuit Court of Appeals for the Eighth Circuit U.S. District Court for the District of Columbia
U.S. District Court for the Northern District of Ohio
U.S. District Court for the Eastern District of Virginia

Cases

National City Corp., Securities, Derivative & ERISA Litigation
Recovered $43 million for class members in settlement of breach of fiduciary duty claims for mismanaging 401(k) plan investments.

Figas v. Wells Fargo & Company
Serving as co-lead counsel, we recovered $17.5 million in settlement of breach of fiduciary duty claims against Wells Fargo & Co. for mismanaging Wells Fargo 401(k) plan.

Glass Dimensions, Inc. v. State Street Bank & Trust Co.
Obtained class certification on behalf of 1,500 retirement plans invested in over 250 collective investment funds claiming excessive fees in securities lending; the parties later reached a proposed $10 million settlement; final approval pending.

Bilewicz v. Fidelity Investments
As co-lead counsel, before the motion to dismiss was resolved, we secured a $12 million cash settlement and millions more in future benefits to settle breach of fiduciary duty claims against Fidelity for investing its own 401(k) plan in its own funds.

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

Education
  • J.D., 1996; Order of the Coif; Articles Editor, Southern California Law Review; Paralyzed Veterans of America Scholarship; Teaching and Research Assistant - University of Southern California School of Law
  • B.A., History, 1989; Winning History Department Essay, 1988 - University of Massachusetts at Amherst