Oracle 401(k) Excessive Fee Suit Granted Class Certification

On Tuesday January 30, a Colorado federal judge granted class certification in an ERISA suit brought by Schlichter Bogard & Denton on behalf of participants in Oracle’s 401(k) plan. In granting class certification, U.S. District Robert E. Blackburn found the named plaintiffs to be adequate class representatives and appointed Schlichter Bogard & Denton class counsel. The plaintiffs previously defeated a motion to dismiss brought by Oracle in this same suit.

News coverage related to this story can be found here and here. The class certification order can be found here.

For additional information about Schlichter Bogard & Denton’s ERISA and Financial Abuse practice, please contact Schlichter Bogard & Denton at 1-800-873-5297 or