$13.5 Million Settlement

Tuesday, May 8th, 2012

WORKERS, WAL-MART SETTLE RETIREMENT PLAN FEES CASE

ERISA CLAIM

Venue: U.S. District Court for the Western District of Missouri
Mediator: Layn R. Phillips
Case Number: 6:08-CV-3109
Date: March 19, 2012
Settlement: $13.5 Million
Caption: Jeremy Braden, individually and on behalf of all others similarly situated v. Wal-Mart Stores Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Merrill Lynch Trust Company of America and Merrill Lynch & Co. Inc.
Plaintiffs’ Attorneys: Lynn Lincoln Sarko, Derek w. Loeser, Michael D. Woerner, Gretchen Freeman Cappio and Gretchen S. Obrist, Keller Rohrback, Seattle; Gregory W. Aleshire and William R. Robb, Aleshire Robb, Springfield; Edward H. Siedle, Ocean Ridge, FL
Defendants’ Attorneys: Paul J. Ondrasik, Steptoe & Johnson, Washington DC and William C. Martucci, Shook, Hardy & Bacon, Kansas City for Walmart; Robert Eccles, O’Melveny & Myers, Washington DC, and Richard N. Bien, Lathrop & Gage, Kansas City for Merrill Lynch

Read more in the April 30, 2012, edition of Missouri Lawyers Weekly under the Verdicts & Settlements section.