and Employment Department in Los Angeles recently defended one of its
financial services industry clients in a wage and hour / ERISA class action
regarding several of its employee incentive compensation plans. The
ruling by the U.S.
District Court for the Southern District of California granting summary judgment
in favor of our client on all claims brought by three former financial advisors
was discussed in “Merrill Lynch’s ‘WealthBuilder Plan’ Is Top-Hat Plan Exempt
from ERISA’s Reach,” published Sept, 3, 2010, in BNA Pension & Benefits Daily.