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Seventh Circuit Ruling Against Plaintiffs in Deere ERISA 'Excessive Fees' Case
McDermott Will & Emery 
[Guidance Overview] Feb. 16, 2009
Excerpt: On February 12, 2009, in a highly anticipated decision, the U.S. Court of Appeals for the Seventh Circuit issued its decision affirming the district court's dismissal of all claims in Hecker v. Deere & Company. The ruling is the first significant appellate decision concerning the ERISA excessive fees litigation that has recently plagued large companies. The Seventh Circuit's decision in Hecker rejects several recently popular plaintiffs' ERISA theories regarding improper 'revenue sharing' and 'excessive fees.'
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