Скачать или смотреть $700M Law Firm Accused of Stealing Employee 401(k) Money - ERISA Violation Scandal

Major law firm Husch Blackwell faces explosive class action lawsuit for allegedly raiding employee retirement funds. The biglaw firm, ranked #78 on Am Law 100 with $707 million in revenue, is accused of violating ERISA by using employee 401(k) contributions for operating expenses instead of depositing them into retirement accounts.

Key Details:
• Class action represents ~400 employees
• Violations dating back to September 2019
• Funds allegedly held in general operating account for months
• ERISA requires deposits by 15th of following month
• Filed by former attorney Tyler Paetkau

This case highlights serious fiduciary duty breaches and potential retirement fraud at one of America's largest law firms. The lawsuit alleges a "deliberate scheme" to use employee retirement contributions for the firm's own benefit, violating federal Employee Retirement Income Security Act protections.

Learn about your rights as an employee, ERISA violations, and how major corporations sometimes mishandle worker retirement funds. This developing legal story reveals important issues about workplace retirement security and corporate accountability.

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