New strategy in 401(k) litigation: Ask for settlement before suit is filed
Law firm Lieff Cabraser is reportedly busy sending letters to plan sponsors.
A new entrant to the world of 401(k) lawsuits is trying what appears to be a novel tactic: Contacting plan sponsors out of the blue and implying that they should settle.
That's before the hint of any lawsuit or request for information about the plan that would lead to a lawsuit, said Daniel Arono
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