Financial Mismanagement and ERISA Litigation Cases
Twitter Severance Plan Class Action
On July 12, 2023, Sanford Heisler Sharp McKnight filed a class action lawsuit against X Corp. (formerly Twitter), its parent company X Holdings, and owner Elon Musk for failing to provide promised severance benefits owed to terminated employees, and for failing to communicate accurately and truthfully with employees about the severance plan benefits, in violation of the Employee Retirement Income Security Act (ERISA).
READ MOREWest Monroe Partners Employee Stock Ownership Plan ERISA Class Action
In December 2021, Sanford Heisler Sharp McKnight filed a class action lawsuit under the Employee Income Retirement Security Act (ERISA) against consulting firm West Monroe Partners (“West Monroe”) on behalf of more than 100 former employees.
READ MOREUnitedHealth Certified ERISA Class Action
This class action accuses the fiduciaries of UnitedHealth’s 401(k) plan of violating their fiduciary duties under ERISA by keeping one of the worst-performing target date investment options in the entire market, the Wells Fargo Target Fund Suite, as the plan’s default investment for over a decade.
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