Andrew Liazos

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Andrew C. Liazos is the global chair of McDermott’s Benefits & Compensation Practice Group and has practiced at McDermott for over 25 years. Andrew focuses his practice on compensation and benefit matters, including related securities, M&A, IPO, private equity, international and litigation matters. Clients range from Fortune 500 companies to compensation committees to individual executives in employment and severance negotiations. Read Andrew Liazos' full bio.

Employer Group Urges Justices To Hear Seattle Benefits Row


By , and on Nov 16, 2022
Posted In Benefit Controversies, Retirement Plans

An employer group says the federal government erred in arguing that a Seattle benefits mandate for hotel workers doesn’t conflict with federal law. According to this Law360 article, the ERISA Industry Committee (ERIC) asked the US Supreme Court to review a US Court of Appeals for the Ninth Circuit decision that backed the Seattle ordinance despite...

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SEC Adopts Final Pay Versus Performance Rules


By , , , and on Sep 15, 2022
Posted In Executive Compensation, Fiduciary and Investment Issues, Retirement Plans

On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules to implement the pay versus performance disclosure requirement mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act added Section 14(i) to the Securities Exchange Act of 1934, which directs the SEC to adopt rules...

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New SEC Rules Heighten Scrutiny Over Executive Pay


By on Aug 29, 2022
Posted In Executive Compensation, Fiduciary and Investment Issues

On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules imposing new mandatory “pay for performance” disclosures for most public companies (foreign private issuers, emerging growth companies and registered investment companies are excluded). These rules implement Section 953(a) of the Dodd-Frank Act, which provided for the SEC to adopt pay for...

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ERIC Petitions US Supreme Court on Seattle Healthcare Case


By , and on May 11, 2022
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans

McDermott Will & Emery’s Michael B. Kimberly, Sarah P. Hogarth and Andrew C. Liazos, are co-counsel on a petition for certiorari before the Supreme Court of the United States on behalf of the ERISA Industry Committee (ERIC). The petition calls for review of ERIC’s legal challenge to the City of Seattle’s hotel healthcare “play or pay”...

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ERIC Files Amicus Brief Rebutting DOL Attempt to Create New Regulations in Lawsuit


By , and on Apr 28, 2022
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans

McDermott Will & Emery’s Andrew C. Liazos, Michael B. Kimberly and Charlie Seidell recently filed an amicus brief in the US Court of Appeals for the 10th Circuit on behalf of the ERISA Industry Committee (ERIC). McDermott filed the brief in response to a US Department of Labor (DOL) amicus brief that advanced a novel...

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Cryptocurrency for Employee Benefits Lawyers: What You Need to Know


By , and on Apr 14, 2022
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans

As the popularity of cryptocurrency continues to grow, what do employee benefits lawyers need to know about this emerging investment option? McDermott Partners Andrew Liazos, Andrea Kramer and Brian Tiemann recently offered their perspectives about cryptocurrencies and how they relate to Employee Retirement Income Security Act of 1974 (ERISA) plans, individual retirement accounts (IRAs) and...

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Cryptocurrency for Employee Benefits Lawyers: What You Need to Know


By , and on Feb 3, 2022
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans

As cryptocurrencies gain popularity, employers are considering how they can be used as part of compensation arrangements and benefit plans to attract and retain talent. McDermott Partners Andrew Liazos, Andrea Kramer and Brian Tiemann recently offered their perspectives about cryptocurrency, Internal Revenue Service (IRS) taxation guidance of convertible virtual currencies and other cryptocurrency-related compensation issues...

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Employment Agreements and Employment Litigation


By and on Jan 20, 2022
Posted In Employee Benefits, Employment, Executive Compensation, Retirement Plans

What effects did the COVID-19 pandemic have on employers and employment litigation in 2021? In these slides, McDermott Partners Andrew Liazos and Ashley Altschuler summarize some of the key developments in hiring, executive compensation, remote work and more. Access the slides.

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Mitigating ERISA Litigation in Current Environment


By on Oct 7, 2021
Posted In Employee Benefits, Retirement Plans

What steps can retirement plan sponsors take to mitigate Employee Retirement Income Security Act of 1974 litigation risks? McDermott Partner Andrew Liazos presented on this topic and shared best practices during the Plan Sponsor Council of America’s National Conference. Access the slides.

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EBSA Privacy and Cybersecurity Guidance


By and on May 20, 2021
Posted In Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Privacy and Data Security, Retirement Plans

Andrew C. Liazos, partner at McDermott Will & Emery, recently moderated an American Bar Association panel on the new cybersecurity guidance for retirement plan sponsors issued by the Department of Labor (DOL). The panel slides included 10 takeaways for the new DOL guidance. Access the slides. As a background, the DOL’s new guidance formalized its...

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