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 Recognized in The American Lawyer for Record Settlement
Practices
In the "Big Suits" section of the September 2010 issue of The American Lawyer, Paul, Weiss was recognized for its role in the largest settlement involving an actuarial claim in Alaska Retirement Management v. Mercer, whereby on June 11 Marsh & McLennan Companies, Inc. agreed to pay the state of Alaska $500 million to settle a multibillion dollar negligence claim. The state alleged that the unit, Mercer Inc. erroneously calculated the liabilities of the Alaska Retirement Management Board, then covered up its mistakes.
Litigation partner Lew Clayton led the team representing the state of Alaska, which also included, among others, partner Michael Gertzman, counsel Daniel Levi, and associates James Brennan, Aubrey Holder, John Longwell, Colin McNary, Annie Pell, Samir Ranade, Elizabeth Smith, Eric Tam and Erin White.