Duane Morris Class Action Review - 2023 - Report - Page 408
Top ERISA Class Action Settlements In 2022
In 2022, the top ten ERISA settlements totaled $399.6 million.
1. $267 million – Laurent, et al. v. PriceWaterhouse Coopers LLP, Case No. 06CV-2280 (S.D.N.Y. Nov. 1, 2022) (preliminary settlement approval granted in
class action settlement of ERISA claims challenging various aspects of the
company’s pension benefits).
2. $32.5 million – Becker, et al. v. Wells Fargo & Co., Case No. 20-CV-2016 (D.
Minn. Apr. 25, 2022) (preliminary settlement approval granted in class action
settlement of ERISA claims alleging the company favored its own funds in its
401(k) plan over less expensive, better performing alternatives).
3. $22 million – Ford, et al. v. Takeda Pharmaceuticals U.S.A. Inc., Case No.
21-CV-10090 (D. Mass. Nov. 15, 2022) (settlement agreement reached in a
class action of ERISA claims alleging that the company’s 401(k) plan only
provided underperforming and high-cost investment options).
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© Duane Morris LLP 2023
Duane Morris Class Action Review – 2023
