ERISA, Pension & Benefits Litigation
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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.
We have long been a leading law firm in the representation of companies, financial institutions and others in their most important ERISA, pension and benefits litigation-related claims. The practice, as well as individual members of the team, have consistently earned national recognition in this area.
Our team has a proven record of success in litigation involving ERISA law, pension and benefits, including cases where we have reduced our clients’ exposure by billions of dollars and precedent-setting matters where we have helped shaped law related to a variety of ERISA issues. Clients often look to us to handle novel ERISA disputes; for example, we recently won the dismissal of a first-of-its-kind ERISA lawsuit on behalf of Exxon Mobil Corporation alleging plan fiduciary liability for the business impacts of climate change. In 2015, we secured among the first dismissals of a multi-billion-dollar ERISA stock drop claim filed by pension plan fiduciaries following a Supreme Court decision that lowered the pleading standard, obtaining a ruling widely viewed as very favorable to the employer-fiduciary community. And in 2010, we were involved in one of the most significant actuarial malpractice litigations ever filed on behalf of the Alaska Retirement Management (ARM) Board, negotiating the largest such settlement ever for this type of claim.
Our proactive guidance and good judgment enables clients to resolve disputes effectively and expeditiously. We also leverage our partners’ significant experience trying cases to our clients’ advantage.