Claims Examples

Fiduciary Liability

≡ Two companies merge retirement plans after an acquisition. The acquiring entity does not offer the same self-directed retirement plan options as the bank it acquired, and makes investment decisions for participants who previously made their own. The acquiring entity transfers the funds to an investment that later fails to perform in the same manner as the initial investment, and the participants allege loss of potential investment gains.
   
≡ A bank employee sues his employer bank for negligence and attempts to recover lost health-care benefits because the bank failed to enroll him in its medical plan.