Litigation Partner Comments on ERISA-Related Lawsuits in Corporate Legal Times

Partner Sarah Reid was quoted in a Corporate Legal Times article entitled ERISA Suits Place Increased Burdens On Fiduciaries,” which discusses ERISA class actions against fiduciaries, and the resulting precautionary measures taken by fiduciaries to protect their clients.

Sarah states, ERISA-related lawsuits are an area of potential exposure that companies will have to be very sensitive to it over the next couple of years…Corporate lawyers have generally seen that [their job in pension oversight is] to analyze and implement regulations and changes [to those regulations], but that’s no longer enough. In addition to being completely compliant under the regulations and the law, in-house counsel now have to function on a broader level.”