In September 2010, we filed a class action lawsuit against KeyCorp and the fiduciaries of the KeyCorp 401(k) Savings Plan for violations of ERISA.  We allege that KeyCorp stock was an imprudent investment for the plan because (a) the company was overexposed to substantial mortgage-related losses and other high-risk loans including construction loans to residential more »

In July 2010, we brought a class action under ERISA against the executives and directors administering the TierOne Bank Savings Plan and the TierOne Corporation Employee Stock Ownership Plan.  The complaint alleges that defendants failed to protect the investments of class members in spite of their knowledge that TierOne’s recent shift in business trajectory—from regional more »

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 more »

In April 2010, Squitieri & Fearon LLP brought a class action lawsuit against Scully & Scully, Inc. (“Scully & Scully”) for violations of the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”), an amendment to the Fair Credit Reporting Act.  The complaint alleges that Scully & Scully, Inc., which operates a retail establishment in more »

In January of 2010 we brought a class action lawsuit against certain members of Smurfit-Stone Container Corporation’s Board of Directors and administrators of the Smurfit-Stone Container Corporation Savings Plan, the Jefferson Smurfit Corporation Hourly Savings Plan, the Smurfit-Stone Container Corporation Hourly Savings Plan, and the St. Laurent Paperboard Hourly Savings Plan (collectively, the “Savings Plans), more »

In October of 2009 we brought a class action lawsuit against Live Nation and the PNC Bank Arts Center for violating the New Jersey Consumer Fraud Act. In particular, the complaint alleges that defendants violated the law by (1) charging parking fees to all patrons regardless of whether the patrons were driving and irrespective of more »

We have several actions pending in different federal courts that are brought under both state and federal law on behalf of current and former merchandizing assistant store managers of Home Depot for Home Depot’s failure to properly pay them overtime. In these actions, we allege that Home Depot intentionally misclassifies merchandizing assistant store managers as more »

In December of 2008 we brought a class action against certain members of the Pilgrim’s Pride board of directors on behalf of participants of the Pilgrim’s Pride Retirement Savings Plan and the To-Rico, Inc. Employee Savings and Retirement Plan. The complaint alleges that the plan fiduciaries breached their obligations to the plan and to the more »

Squitieri & Fearon LLP initiated an ERISA class action lawsuit in October 2008 against SunTrust Banks, Inc. (“SunTrust”) and certain of the company’s executives and directors who administered the SunTrust Banks, Inc. 401(k) Savings Plan. The lawsuit alleges that SunTrust’s exposure to highly risky subprime mortgage loans and the company’s failure to adequately maintain loss more »

In October 2008, along with co-counsel, Squitieri & Fearon successfully recovered $24.2 million on behalf of the plans and their participants. In re AIG ERISA Litigation, No. 04 Civ. 9387 (JES) (S.D.N.Y.) (AIG I). Click here to review the Court’s October 2008 decision approving the parties’ settlement. In June of 2008 we brought a separate more »