In 2023, just over 100 new class actions were filed under the Employee Retirement Income Security Act (“ERISA”) — the lowest number filed since 2018, largely driven by fewer new cases alleging excessive fees in retirement plans.
Following the dip in new cases in 2018, an all-time record of more than 200 new class actions were filed in 2020. Whether there is a similar expansion in the number of ERISA cases filed in 2024 and beyond is likely to depend on the resolution of several key issues.
In the Law360 article, “ERISA Litigation Faces New Frontiers In 2024,” Groom principals William Delany, Lars Golumbic, and Samuel Levin explore what 2024 could bring for ERISA litigation regarding excessive fee cases, prohibited transaction cases, health plan fee cases, and more.
To read the article, click here.
