The 10 largest class-action claims brought under the Employee Retirement Income Security Act totaled $926.5 million last year.
That was down from $1.3 billion in 2014, which was an all-time high.
Still, the largest ERISA settlements were substantially more than other areas of labor law, according to the 2015 Workplace Class Action Litigation Report, published by Seyfarth Shaw, a Chicago-based law firm.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
