Employees entrust their pensions to the employers, plan managers, and leaders in the companies they are invested in. When companies lie or investment plan managers don’t do due diligence or employers underfund pensions, employees can suffer tremendous losses. Often, hundreds or even thousands of employees are harmed when promises are broken when it comes to pensions and other employment benefits.
The Employee Retirement Income Security Act (ERISA) was passed to protect employees by ensuring they receive promised benefits and by imposing a fiduciary duty on those in charge of pension plans. While violations still occur, victims can become part of ERISA class actions that allow large groups of plaintiffs to bring one big case against those who have failed their fiduciary duty.
Zamansky LLC provides legal representation to clients in ERISA class actions. When you want to determine if you should join a class action or if you are hoping to initiate class action proceedings for you and your co-workers, call Zamansky LLC to speak with an ERISA lawyer. We have the experience needed to help with your case.
An ERISA Attorney Can Help Employees Recover Losses
Class actions are “mass tort” cases, which mean many plaintiffs join their cases to form one big claim. Class action lawsuits allow individual employees who suffer losses to recover their damages without having to bring individual cases. The court must certify a class action lawsuit and all plaintiffs must have suffered substantially similar harm. Employees can choose to opt into the class action or recover compensation based on damages awarded by juries (or based on a settlement negotiated to resolve the ERISA class action). Those who opt out will have the opportunity to file their own civil lawsuit to seek compensation.
When an ERISA class action lawsuit is brought against those who breached their duties to employees, a lot is at stake. Class action members are counting on the claim to help them recover because they cannot bring another lawsuit based on the same breach. Their future hinges on what happens in the class action litigation. An experienced ERISA lawyer must serve as lead counsel in a class action to guide the case through the court system and make informed legal decisions to protect the interests of all involved employees.
Why Zamansky LLC is the Right Firm To Choose For Your Attorney
Zamansky LLC is the firm to trust with ERISA class action cases. Our firm knows the ERISA. We know securities laws, and we understand the fiduciary obligation that plan managers and employers have to their workers.
Our firm has been appointed interim lead counsel on behalf of a class action made up of JPMorgan Chase & Co. employees who were participants in a 401(K) retirement plan and suffered financial loss when the bank sustained billions in costs due to the London Whale misconduct. Our firm was also appointed interim lead counsel on behalf of Hewlett-Packard workers who sustained losses due to the financially disastrous acquisitions of companies like Palm and Electronic Data Systems.
With experience as lead counsel in complex ERISA class actions, we can assist with all phases of your case to help groups of workers get the money they both need and deserve.
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Contact Zamansky LLC Today
You cannot trust just any attorney in a class action, as there is too much at stake for too many employees who are counting on their promised benefits. Call Zamansky LLC today to get help from a lawyer with experience and the legal skills required to help your class action succeed.