July 1, 2016
Stris & Maher Files Class Action Against the Disney Savings and Investment Plan
On June 28, 2016, Stris & Maher filed suit against the Disney Savings and Investment Plan on behalf of a class of plan participants. The complaint alleges, among other things, that plan fiduciaries breached their ERISA duties by continuing to hold the Sequoia Fund even after it became apparent that the Fund was no longer a suitable investment for participants’ retirement savings. Bloomberg BNA’s coverage of the case, and of Peter Stris’s record of successful ERISA litigation, may be accessed here.
Coverage linked above:
Disney Faces Another ERISA Lawsuit Over Sequoia Fund (Bloomberg BNA, July 1, 2016)