McGuireWoods’ Labor 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.
