What is the ERISA?
The Employee Retirement Income Security Act of 1974 (ERISA) seeks to protect employee pensions and retirement assets from unscrupulous fund managers and administrators that attempt to personally profit at the expense of the plan or plan participants – people like you.
This type of wrongdoing is extremely serious and holds substantial consequences for those that breach our trust.
Congress and the courts have interpreted the duties of an ERISA fiduciary to be the “highest known to the law,” and include:
- A duty to invest trust assets in a prudent fashion
- A duty to carry out the terms of the plan
- A duty of loyalty to the plan and the plan beneficiaries and participants
- A duty of attention to the affairs of the plan
- A duty to safeguard, account for, and administer the assets of the plan
The attorneys at Sommers Schwartz have a long track record of successfully prosecuting claims on behalf of those harmed by ERISA violations.
Our experience representing these people in class action lawsuits includes:
- Hill et al. v. Blue Cross and Blue Shield of Michigan, Case No. 03-cv-40025 (E.D. Mich.), confidential settlement of an action involving the plan administrator’s failure to properly administer health care benefits under a national employee health care plan.
- In Re Michigan National Corporation Securities and ERISA Litigation, Case No. 95-cv-73485 (E.D. Mich.), confidential settlement on behalf of a class of investors and retirees.
If your benefits are at risk due to possible wrongdoing by your plan administrator, you need competent and aggressive attorneys to preserve and enforce your rights.
Contact a Sommers Schwartz attorney today to confidentially discuss your case and learn how we can help.
We fight hard. And we win.
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An Opposing Attorney Who Became a Client
I would like to give some recognition to Andy Dragovic. I first became acquainted with Mr. Dragovic in a professional manner when we represented opposing clients in a lawsuit. I recall being very impressed with how hard Mr. Dragovic fought for his client, and I happily recommended him as an…
I couldn’t have been more impressed!
Jason Thompson represented me in a gross negligence case, and I couldn’t have been more impressed with his professionalism and energy throughout the entire process.
Your advice is very valuable to me.
Just wanted to formally thank you for taking the time to discuss the area of class action. I wish you the best with everything. It has been a pleasure getting to know you and everyone at Sommers Schwartz.
You went above and beyond expectations.
Our business is very complex with the different manufacturers we deal with and the rebate programs associated with them, and we feel the time, effort and your timeliness in understanding the different aspects of our case helped us with a reasonable resolution.
I appreciate the team effort provided.
I would like you gentlemen to know that for those of us that have been violated and need legal assistance, we must often wait for justice in quiet desperation. As such, the words I used above “confidence and comfort” came only from you and your team.
I felt from the beginning that my best interests at were always at heart.
I felt that within a short period of time, they fully understood my case, and advised me as to the best possible courses to take with the best possible outcomes.
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