Eric Gregory was recently quoted in the Eric Gregory was recently quoted in the Bloomberg Law article, “401(K) forfeiture claims fuel excessive fee suits they follow,”
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Eric Gregory was recently quoted in the Bloomberg Law article, “401(K) forfeiture claims fuel excessive fee suits they follow,” providing insight on 401(K) forfeiture usage by employers to reduce administrative expenses, and its impact on employees. Regarding the judgment in a Qualcomm Inc. suit that found the allegations of forfeiture misuse to be plausible, Eric states, “The fact that the Qualcomm court said that these are plausible allegations is a big win for the plaintiff's bar…It gives them another arrow in their quiver to be able to say that there’s more damages that could be alleged here, and they can get a better settlement.”
