Financial Mismanagement and ERISA Litigation Cases
Stifel Financial Corp. ERISA Class Action
On February 18, 2026, Sanford Heisler Sharp McKnight filed a $40+ million class action complaint in the U.S. District Court for the Eastern District of Missouri against Stifel Financial Corp., the Board of Directors of Stifel Financial Corp. and its members...
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Husch Blackwell ERISA Class Action
On September 16, 2025, Sanford Heisler Sharp McKnight and Fell Law filed a class action complaint (the “Complaint”) in the U.S. District Court for the Western District of Missouri against Husch Blackwell LLP as well as the Executive Board of Husch Blackwell LLP and its members
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Discount Tire ERISA Class Action
The lawsuit alleges that Defendants breached the fiduciary duty of prudence and the duty to monitor under the Employee Retirement Income Security Act (“ERISA”) by mismanaging the Discount Tire 401(k) Plan and its over $1 billon in assets, causing significant losses to participants’ retirement savings.
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TIAA ERISA Class Action
On May 20, 2025, Sanford Heisler Sharp McKnight filed a Class Action Complaint in the U.S. District Court for the Southern District of New York against Teachers Insurance and Annuity Association of America (“TIAA”) on behalf of Brian Byrne individually and as a representative of approximately 28,000 participants in and beneficiaries of TIAA’s two in-house retirement plans.
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UnitedHealth Certified ERISA Class Action
This class action accuses the fiduciaries of UnitedHealth’s 401(k) plan of violating their fiduciary duties under ERISA by keeping one of the worst-performing target date investment options in the entire market, the Wells Fargo Target Fund Suite, as the plan’s default investment for over a decade.
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The Capital Group ERISA Class Action
On November 14, 2023, Sanford Heisler Sharp McKnight filed a Class Action Complaint in the U.S. District Court for the Central District of California against The Capital Group Companies, Inc., on behalf of plaintiff Cathy Pover individually and as a representative of approximately 11,000 participants in The Capital Group Companies’ 401(k) plan. Named as defendants were The Capital Group Companies, Inc., the Board of Directors of The Capital Group Companies, Inc. and its members, and the U.S. Retirement Benefits Committee of The Capital Group Companies, Inc. and its members.
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Home Depot ERISA Class Action
On February 2, 2023, Sanford Heisler Sharp McKnight and Stillman Welch, LLC filed an appeal in the Eleventh Circuit on behalf of more than 200,000 participants in the Home Depot FutureBuilder Plan (the “Plan”), who allege that Home Depot breached fiduciary duties under the Employee Retirement Income Security Act (ERISA) in their mismanagement of the company’s $9 billion 401(k) plan.
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Southwest Airlines ERISA Class Action
On January 28, 2025, Sanford Heisler Sharp McKnight filed a representative action in the U.S. District Court for the Northern District of Texas against Southwest Airlines Co., alleging past and current ERISA breaches involving a chronically underperforming 401(k) investment option, the Harbor Capitol Appreciation Fund.
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Twitter Severance Plan Class Action
On July 12, 2023, Sanford Heisler Sharp McKnight filed a class action lawsuit against X Corp. (formerly Twitter), its parent company X Holdings, and owner Elon Musk for failing to provide promised severance benefits owed to terminated employees, and for failing to communicate accurately and truthfully with employees about the severance plan benefits, in violation of the Employee Retirement Income Security Act (ERISA).
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West Monroe Partners Employee Stock Ownership Plan ERISA Class Action
In December 2021, Sanford Heisler Sharp McKnight filed a class action lawsuit under the Employee Income Retirement Security Act (ERISA) against consulting firm West Monroe Partners (“West Monroe”) on behalf of more than 100 former employees.
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Eaton Vance ERISA Breach of Fiduciary Duty Class Action
In October 2018, Sanford Heisler Sharp McKnight filed a class action lawsuit against the Eaton Vance Corp. on behalf of participants in the Eaton Vance Profit Sharing and Savings Plan (the “Plan”) for breach of fiduciary duty under the Employee Retirement Income Security Act (ERISA).
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Walgreens ERISA Class Action
On August 9, 2019, Sanford Heisler Sharp McKnight filed a Class Action Complaint in the U.S. District Court of Northern Illinois against the Walgreen Co. on behalf of the plaintiffs individually and as representatives of approximately 190,000 participants in Walgreen’s $10 billion 401(k) plan (“Plan”).
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VentureMoney Management Co. Investor Fraud
In 2019, Sanford Heisler Sharp McKnight filed a lawsuit on behalf of Marieme Bougerba against Mark Bernier and the principals of a San Diego-based venture capital operation called VentureMoney Management Co., alleging securities fraud, securities violations, conversion, breach of fiduciary duty, aiding and abetting, and breach of contract.
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Madison Avenue Securities LLC FINRA Arbitration
In April 2018, Sanford Heisler Sharp McKnight filed an arbitration claim with the Financial Industry Regulatory Authority (“FINRA”) against Madison Avenue Securities, alleging the firm turned a blind eye in allowing one of its stockbrokers who had a disciplinary history of misappropriating clients’ funds to loot hundreds of thousands of dollars from the client’s account.
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