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A Lone Ranger of the 401(k)'s
The New York Times; subscription may be required Link to more items from this source
Mar. 30, 2014
"The suit on behalf of ABB's plan participants was filed by Jerome J. Schlichter, a partner at Schlichter Bogard & Denton in St. Louis. Since he began suing companies over fiduciary failures eight years ago, he has settled six 401(k) cases ... The settlements have generated $125 million in recoveries to 300,000 participants, minus legal fees, and secured major reductions in plan costs for the future.... 'As these cases have progressed and the settlements occurred, more judges are understanding the practices and the harm to retirees,' Mr. Schlichter said. 'A body of law is developing, setting out fiduciary practices and standards.'"

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