Spano v. Boeing Excessive Fee Case Settles for $57 Million

Yesterday, November 5, 2015, the parties in Spano v. Boeing Co. filed for court approval of a Settlement Agreement that was finally made public. Earlier this year in August, the case was settled in principle on the first day of trial but the terms of the settlement were not disclosed. We have now learned that … Continue reading Spano v. Boeing Excessive Fee Case Settles for $57 Million

Breaking: Class Cert Granted in Spano v. Boeing Co.

In light of the recent 7th Circuit decision in Abbott v. Lockheed Martin Corporation, the district court in Spano v. Boeing Company has granted the Plaintiffs’ amended motion for class certification. Spano is one of the original excessive fee cases filed in 2006. (Read about the Abbott decision here: Victory for Plaintiffs: 7th Circuit Allows … Continue reading Breaking: Class Cert Granted in Spano v. Boeing Co.

Spano v. Boeing Company

Case Highlights Status of the Case: This is one of the original excessive fee cases filed by Schlichter Bogard & Denton on September 11, 2006. The allegations in the case are: (1) defendants caused the Plan to pay unreasonable administrative fees to its recordkeeper CitiStreet; (2) defendants imprudently included, among the Plan’s 11 investment options, … Continue reading Spano v. Boeing Company

Court in Boeing Excessive Fee Case Rules for Plaintiffs, Sets Trial Date

On December 30, 2014, the district court in Spano v. Boeing denied the defendants’ motion for summary judgment on the merits and partially denied their motion for summary judgment based on ERISA’s statute of limitations. A trial date has been set for May 20, 2015 in Judge Nancy J. Rosenstengel’s East St. Louis courtroom. The … Continue reading Court in Boeing Excessive Fee Case Rules for Plaintiffs, Sets Trial Date

Breaking: International Paper Settles Excessive Fee Case for $30 Mil.

Today, October 1, 2013, the parties in Beesley v. International Paper filed papers indicating they have settled their lawsuit and are now seeking approval of the district court. In total, International Paper (“IP”) agreed to pay $30 million and submit to extensive affirmative relief. Here is a copy of the motion seeking settlement. The settlement … Continue reading Breaking: International Paper Settles Excessive Fee Case for $30 Mil.