SAN ANTONIO – More than 30 lawsuits have been filed against 401(k) plan sponsors in the past few years, leaving little doubt that the retirement field is strewn with legal landmines.
Attorneys Mike Prame and David Levine, speaking Monday at the 2013 Center for Due Diligence conference, drew up a map of sorts to help retirement advisors tiptoe their way to safety.
The Groom Law Group lawyers noted that many of the suits have been filed by Schlichter, Bogard and Denton, a St. Louis, Mo., law firm that likes to tout its "aggressive approach to representing our clients."
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