ERISA 401(k) Fee Case Victory for Schneider

By , and on February 2, 2023

A Massachusetts federal judge recently gave a major win to Schneider Electric in an employee benefits lawsuit brought by former workers. According to this Law360 article, seven former Schneider Electric employees accused the company and its investment manager of running afoul of the Employee Retirement Income Security Act of 1974 when they replaced well-performing funds with those of the investment manager. McDermott Partners Sarah E. Walters, Jennifer B. Routh and Margaret H. Warner represented Schneider Electric.

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Sarah Walters
Sarah Walters is an experienced trial lawyer who focuses her practice on white collar criminal defense, regulatory enforcement and compliance matters, and complex civil litigation. In addition to both criminal and civil trial work, Sarah has substantial experience conducting internal investigations and assists companies in developing compliance policies and training programs. Read Sarah Walters's full bio.

Jennifer Routh
Jennifer B. Routh focuses her practice on trials and complex civil litigation. She has won numerous jury verdicts and bench trials involving breach of contract, trade secret misappropriation, fraud, breach of fiduciary duty, products liability, and unfair competition. Jennifer won the first jury verdict obtained by any litigant under the Defend Trade Secrets Act, the federal trade secret statute. Read Jennifer B. Routh's full bio.

Margaret Warner
Peg has served as first chair trial and appellate counsel in state and federal courts in over 30 jurisdictions. Her work has spanned antitrust, commercial, class action, environmental, healthcare, insurance, mass tort, product liability and reinsurance disputes. Peg has taken numerous cases to verdict/judgment before juries, judges and arbitration tribunals. Many of her cases have involved high-profile public policy issues from the Agent Orange litigation in the 1980s, environmental and Superfund litigation involving such notorious sites as Love Canal and the Hudson River in the 1990s, to sexual abuse, 9/11, antitrust, healthcare, ERISA and COVID-19 litigation in the 21st century. Read Margaret H. Warner's full bio.




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