Webinar Recording: Special Briefing for Investment Advisors: Retirement Plan Fee Litigation

September 22, 2016

Originally recorded September 22, 2016

Author(s): Christian D. Hancey, Eric Paley

Retirement plan fee litigation has become a primary concern among investment advisory firms. A new wave of lawsuits commenced in mid-2015 against for-profits, and in August, law firm Schlichter Bogard Denton filed class actions against almost a dozen universities alleging breaches of ERISA fiduciary duties, the first such cases against nonprofits. Though it’s too soon to know how these particular cases will be resolved, investment advisory firms have good reason to worry: they may be contractually bound as co-fiduciaries and could be pulled into the lawsuits.

On September 15, Nixon Peabody will present a special briefing to address the concerns that retirement plan fee litigation presents for investment advisors and what they should do to minimize their risk of liability. Specific topics include:

  • An up-to-the-minute discussion on the rapidly changing litigation landscape
  • The practices in which all investment advisors should engage to minimize legal risk
  • A focus on service agreements and value-added services

Our Speakers

  • Christian Hancey, Partner
  • Eric Paley, Partner

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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