How Small- and Mid-Sized Businesses Can Protect Themselves From ERISA Class Action Lawsuits



In this article, Michael Khalil discusses what companies can learn from the recent dismissal of an ERISA class action suit against Checksmart Financial, LLC. "The question on everyone's mind was whether this lawsuit portended a new trend in ERISA class action lawsuits against small and mid-size employers? Should the suit meet with success, there was legitimate fear that the plaintiffs' bar would deem the small and mid-size market as an attractive new pool of potential defendants, and that a slew of similar lawsuits might follow," Khalil wrote.