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Chamber of Commerce Says Cookie-Cutter Excessive Fee Suits Harm Participants
PLANSPONSOR; free registration may be requiredLink to more items from this source
Aug. 30, 2021

"The chamber says the rapid increase in excessive fee litigation is not 'a warning that retirees' savings are in jeopardy,' but proof that converting 'subpar allegations' into settlements has proven to be a lucrative endeavor for attorneys bringing the lawsuits." [In re American National Red Cross ERISA Litigation, No. 21-541 (D.D.C. amicus brief of U.S. Chamber of Commerce filed Aug. 23, 2021]

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