SEATTLE--(BUSINESS WIRE)--Attorney Advertising. Keller Rohrback L.L.P. is investigating possible significant losses resulting from the offering of high-cost retail funds as investment options to employees and retirees, in violation of state fiduciary duty laws. We are currently investigating the following plans:
- University of California’s Defined Contribution Plan, Tax-Deferred 403(b) Plan, and 457(b) Deferred Compensation Plan
- California State’s Tax Sheltered Annuity 403(b) Program
The investigation focuses on whether Plan fiduciaries breached their fiduciary duties by, among other things, maintaining expensive retail funds in the plan fund lineup, when cheaper, comparable investment options were available. These breaches may have cost participants and beneficiaries of the Plan millions of dollars in lost retirement savings. This investigation does NOT include any defined benefit plans.
About Keller Rohrback L.L.P.
For decades, investors have trusted the attorneys at Keller Rohrback L.L.P. to help them recover losses due to breaches of fiduciary duty. Keller Rohrback L.L.P. has a national reputation for groundbreaking retirement and pension plan class action litigation, and serves as lead and co-lead counsel in retirement plan class actions, and other class actions throughout the country. With offices in Seattle, Phoenix, New York City, Ronan, Santa Barbara, and Oakland, our Complex Litigation Group is proud to offer its expertise to clients nationwide. Our trial lawyers have obtained judgments and settlements on behalf of clients in excess of eighteen billion dollars.
Attorney Advertising. Prior results do not guarantee a similar outcome. Not licensed to practice law in all states. Please refer to our website for details.