Schnader Harrison signEx-Schnader Partner Nears Settlement in Misappropriated Comp Class Action
Former income partner Jo Bennett had alleged the defunct firm required senior attorneys defer a portion of their annual compensation into the firm's pension plan, despite the pension plan itself not requiring such a contribution.
November 26, 2024 at 01:08 PM
3 minute read
What You Need to Know
- A lawsuit accusing the now-dissolved Schnader Harrison Segal & Lewis of misappropriating income partner and counsel compensation is on the verge of settling.
- The suit, filed by former income partner Jo Bennett, had survived a motion to dismiss back in May, with the judge finding Bennett's claims plausible and finding that the factual issues of the case required further discovery.
Schnader Harrison Segal & Lewis and former income partner Jo Bennett are on the verge of settling Bennett’s putative class action claims that the now-dissolved firm violated Employee Retirement Income Security Act rules and had misappropriated salaried senior attorneys’ compensation from 2018 to its 2023 closure.
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