October 08, 2025
The Second Circuit appeared unlikely Wednesday to revive a New York Teamsters worker's proposed class action alleging mismanagement by the caretakers of his multiemployer pension plan, as multiple judges seemed to doubt that the complaint contained enough evidence of a deficient process to manage fees and investments.
June 26, 2020
A group of musicians is asking a New York federal court for around $9.8 million in fees and costs for their attorneys' work that led to a $26.85 million settlement in a suit claiming their union pension fund's trustees took "excessive investment risks."
March 25, 2020
The trustees for a union pension fund have agreed to a settlement worth nearly $27 million to wrap up a proposed ERISA class action from musicians who likened the plan's investment strategy to "drunken gamblers chasing losses."