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 »

In February of 2006 we brought a class action against Clear Channel Communications Inc. (now known as Live Nation) for its unlawful anticompetitive and monopolistic practices, which illegally inflate the cost of tickets that customers purchase for live rock concerts. The complaint alleges that Clear Channel leveraged its radio business to obligate artists to use more »