Skip to Content

Judge Approves Settlement, Fees in Jander v. Retirement Plans Committee of IBM

July 23, 2021 Blog

Zamansky LLC is pleased to announce that after years of litigation, U.S. District Judge Colleen McMahon of the Southern District of New York recently approved a $4.7 million settlement for the class of IBM workers in the case of Jander v. Retirement Plans Committee of IBM. Partner Samuel Bonderoff represented the workers in the lawsuit which was filed back in May 2015, claiming that the Retirement Plans Committee failed to protect the employees’ 401(k) bonus plan from the company’s inflated stock price. Our firm sought $1.4 million in fees, which the judge also approved. The opinion approving the settlement and fees will be released at a later date.

Check out the complete story posted in the New York Law Journal.

You can review our past coverage of the case below:

Original Jurisdiction Mentions Zamansky LLC’s U.S. Supreme Court Win in IBM v. Jander Case

SCOTUS Once Again Decides Not to Provide Guidance Regarding “More Harm Than Good” Standard Presented in Retirement Plans Committee of IBM v. Jander

Supremes Take a (Second) Pass on Resolving Fiduciary Split

Key Supreme Court Cases From the 2019-20 Term and a Look Ahead to the 2020-21 Term

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More