Squitieri & Fearon, LLP represents plaintiffs and large groups or classes of individuals who have suffered losses as a result of the misdeeds of corporations or other individuals. Below is a sample of some of the notable cases that Squitieri & Fearon, LLP is prosecuting.
Am Trust Financial Services Investigation
Squitieri & Fearon, LLP is investigating possible claims for a class action against Am Trust Financial Services for improperly delisting its preferred stock. We are investigating whether the delisting is proper and legal and whether Am Trust Financial Services delisted the stock to facilitate cancellation of dividends, causing the value of the preferred stocks to decline.
If you or someone you know owns any series of Am Trust Financial’ s preferred stock , or who owned it and sold it at a loss and would like to learn more about our investigation, please fill out our online form, or contact Lee Squitieri. at lee@sfclasslaw.com<mailto:lee@sfclasslaw.com> or by phone at (212) 421-6492.
Arthrex manufactures and sells anchors that are used in surgeries to repair shoulders, hips, knees, hands, wrists, elbows, and feet and ankles. Recently there have been dozens of reports that Arthrex Anchors, including the Arthrex 1.8 Fibertak Soft Anchors, have broken or cracked, causing pain and discomfort and requiring additional surgery to remove and replace the defective anchors.
Squitieri & Fearon, LLP is pursuing claims for people who had an Arthrex anchor in a surgery and then were required to have an additional surgery to remove, repair, or replace the Arthrex anchor.
If you or someone you know had a surgery involving an Artthrex anchor and needed an additional surgery to repair or replace the anchor, you may be eligible to pursue a claim for damages. Please complete the following form, and someone from the firm will contact you, or you can contact Stephen J. Fearon, Jr. by e-mail at stephen@sfclasslaw.com or by phone at (212) 421-6492.
BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco PROPRIETARY 401(k)PERFORMANCE AND FEE INVESTIGATION
Squitieri & Fearon, LLP is investigating claims regarding 401(k) accounts of employees of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco. Preliminary investigation has uncovered that each of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco have inserted within each of their respective employee 401(k) plans a menu of investment options which includes large amounts of their own proprietary funds, thus allowing each of them to earn fees from their employees’ retirement savings.
Many of the employer proprietary funds offered in each of the respective 401(k) plans have underperformed peer benchmarks and impose higher than average fees, thus costing the holders of the 401(k) accounts potentially thousands of dollars in lost retirement savings per account. These employers’ inclusion of their own proprietary funds in their employees 401(k) accounts may constitute a violation of the regulations which forbid such arrangements under the “prohibited transactions” provisions of The Employee Retirement Income Security Act of 1974 (“ERISA”).
To join this class action lawsuit, please contact Lee Squitieri, Esq. by e-mail at lee@sfclasslaw.com or by phone at (212) 421-6492.
You can also complete the following form, and someone from the firm will contact you.
In July of 2010 we brought a class action lawsuit against BP p.l.c. and administrators of the BP Employee Savings Plan, the BP Capital Accumulation Plan, the BP Partnership Savings Plan, and BP Direct SavePlan (collectively, the “Plans”) on behalf of participants in and beneficiaries of the Plans. The complaint alleges that defendants – plan fiduciaries – breached the obligations to the Plans and their participants by continuing to invest class members’ retirement assets in BP American Depository Shares (“ADS”). more »
Squitieri & Fearon, LLP is currently investigating claims on behalf of participants in the Charles Schwab Retirement Savings and Investment Plan who invested in Schwab-related funds. Those Schwab funds charged fees and expenses that often were excessive and directly benefitted Schwab and the other fiduciaries of the Plan. Often the Schwab-related investments performed much worse than cheaper, alternative investments. The Schwab-related funds were more expensive than comparable funds and often performed worse than the comparable funds, meaning that participants in the Schwab 401(k) plan were paying higher fees for lower performance. Over time, these higher fees significantly decreased the retirement assets available to the participants in the Schwab 401k plan. As a result, participants in the 401k plan who invested in the Schwab funds lost millions of dollars in retirement assets that instead went directly to Schwab and some of the Schwab-related entities.
Some of the funds with these higher fees included:
the Schwab Managed Retirement Trust Funds
the Schwab S&P 500 index Fund
the Schwab Stable Value Fund
the Schwab Value Advantage fund
the Schwab Self-Directed Brokerage System.
If you were a participant or if you know someone who was a participant in any of the above-mentioned plans you may be eligible to receive compensation through a class action lawsuit. Please contact Stephen J. Fearon, Jr. by e-mail at stephen@sfclasslaw.com or by phone at (212) 421-6492. You can also complete the following form, and someone from the firm will contact you.
If you have suffered loss from an action not described above, please click here to Report Your Case.