Blogs

BlogsAll Blogs

$49.5 Million ERISA Class Action Settlement Against Merck

Lite DePalma Greenberg Afanador served as the court-appointed discovery chair in an ERISA class action brought against Merck on behalf of its current and former employees who were participants in certain of Merck's retirement plans. This complex ERISA case charged the fiduciaries of the plans with breaches of fiduciary duty. After many years of intense litigation, including a trip to the Third Circuit Court of Appeals, the United States District Court for the District of New Jersey approved a nationwide settlement worth $49,500,000.