ERISA Pension Class Actions

GLF prosecutes cases across the country.  Among the Firm’s current cases:

  • Laurent v. PricewaterhouseCoopers LLP, filed by GLF in 2004 in the Southern District of New York, contends that PwC used a fictitious definition of "retirement" and other illegal plan terms to evade the law's lump sum distribution requirements and short-change employees when they left the Firm and requested a cash-out of their plan benefit. In the years since the case was first filed, GLF has obtained multiple trial court rulings agreeing with the class's contentions and PwC has twice failed to convince the Second Circuit Court of Appeals to overturn those rulings. According to PwC, if GLF prevails, PwC will be liable to the class in amount in excess of $2 billion. A decision by the United States Supreme Court on whether to grant PwC's petition for review, and a decision by the trial court on the class's motion for summary judgment are both expected before the end of 2021.

  • McCutcheon v. Colgate-Palmolive Company is a pension miscalculation case brought by GLF in 2016 in the Southern District of New York. In a detailed and tightly-reasoned decision, the trial court (the Honorable Lorna Schofield) agreed that the class had demonstrated that Colgate had indeed shorted participants and, accordingly, entered a judgment on their behalves worth nearly $300 million. Colgate has filed an appeal that should be resolved sometime in 2021.

 
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