Schlichter Bogard & Denton Achieves Class Certification in ERISA Fiduciary Breach Case Against BB&T
Schlichter Bogard & Denton has obtained class certification in an action brought on behalf of as many as 67,000 current and former participants in a BB&T 401(k) plan. On August 28th, U.S. District Judge Catherine Eagles issued an order certifying a class of participants, finding that the case presented sufficiently common issues of both law and fact.
The class is estimated to contain as many as 67,000 BB&T employees. Plaintiffs in the case allege that BB&T breached its fiduciary duty under ERISA in relation to the fees and investment options in the plan.
In her ruling, Judge Eagles also appointed Schlichter Bogard & Denton as class counsel in the case.