Practice Area: Employee Benefits & ERISA
Case Status: Settled
Settlement Amount: $3.8 million
Court: United States District Court for the Northern District of Iowa
Berger Montague served as class counsel and obtained a $3.8 million settlement on behalf of current and former Transamerica Corp. employees who alleged the company breached its fiduciary duties owed to them under the Employee Retirement Income Security Act, 29 U.S.C. § 1000, et seq., (“ERISA”). The plaintiff employees alleged that Transamerica Corp. violated ERISA by failing to properly administer its 401(k) plans and failing to act in the best interest of the plan participants when it offered investment options that benefited the company, charging employees excessive investment management and administrative fees. The case was litigated in the United States District Court for the Northern District of Iowa.
If you or your company has been harmed by conduct, including breaches of fiduciary duty, that you believe violates ERISA or state laws, please contact Berger Montague.
About Berger Montague
Berger Montague is a national law firm focusing on complex civil litigation in federal and state courts throughout the United States. For over half a century, Berger Montague has played lead roles in consequential, precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, and Washington, D.C.