ERISA, Pension & Benefits Litigation
With plaintiffs targeting employee benefit plans at an accelerating speed, Paul, Weiss has built an exceptional practice defending plan sponsors, fiduciaries and service providers in the technically demanding, high-stakes arena of ERISA, pension- and employee benefits-related class actions and related litigation. We are also among the preeminent firms nationally in handling the securities litigation that frequently accompanies ERISA disputes.
Paul, Weiss achieved a significant victory for Exxon Mobil Corporation and the trustees of its savings plan when the U.S. District Court for the Southern District of Texas granted their motion to dismiss a putative ERISA class action.
On January 14, 2020, the U.S. Supreme Court issued a per curiam order in Retirement Plans Committee of IBM Jander (“Jander”), a closely watched case regarding the pleading standard for corporate stock-drop and disclosure claims under the Employee Retirement Income Security Act (“ERISA”).
Philippe Dauman and George Abrams Defeat Motions to Dismiss and Are Granted Expedited Trial in Viacom Litigation
Judge George Phelan of the Massachusetts Probate and Family Court denied six motions to dismiss Paul, Weiss clients Philippe Dauman's and George Abrams' amended complaint in equity.
The Second Circuit affirmed an order dismissing a shareholder derivative action brought against Citigroup Inc.'s Board of Directors.
The United States Court of Appeals held that Judge Castel in the SDNY had properly dismissed claims of a breach of fiduciary duty under ERISA asserted against Morgan Stanley Investment Management by the Pension Benefit Guaranty Corporation, which was pursuing the claims on behalf of the pension plan of the now-bankrupt St. Vincent's Hospital in Greenwich Village.