Grant & Eisenhofer Appointed as Lead Counsel in Wells Fargo ERISA Case

On November 29, 2016, Grant & Eisenhofer director Adam J. Levitt was appointed lead counsel in In re Wells Fargo ERISA 401(k) Litigation. G&E, representing a class of participants in and beneficiaries of Wells Fargo’s $35 billion 401(k) Plan, alleges that Wells Fargo and various Plan fiduciaries violated the Employee Retirement Income Security Act, causing class members to sustain hundreds of millions in losses to their retirement plan holdings.