California Courts More Favorable to Retirement Plan Participants: Brooks Magratten Discusses ERISA Law in Financial Advisor Magazine
Pierce Atwood partner Brooks Magratten, editor of the 2016 edition of the ERISA Survey of Federal Circuits, notes that “Courts around the country can take very different approaches to ERISA cases.”
Brooks, who has represented banks and insurance companies in ERISA litigation for 30 years, points out that California federal courts “tend to be more liberal in granting wins to plan participants and investors in suits, their counterparts in New England are more protective of plan fiduciaries and custodians by adhering more strictly to the letter of the law.”
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