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O'Melveny's Barrett Quoted in Bloomberg BNA on Issues Driving Fiduciary Litigation Under ERISAApril 07, 2014 O'Melveny & Myers partner Shannon Barrett was a panelist at a recent Practising Law Institute webcast on ERISA litigation as part of PLI's "Pension Plan Investments 2014: Current Perspectives" series. Bloomberg BNA summarized the discussion in an April 4, 2014, report on its Pension and Benefits Blog, noting that Barrett anticipates that future plan fee litigation will center on what constitutes a “material change” in a plan investment selected outside of ERISA's statute of limitations. Barrett and his fellow panelists also discussed other significant issues currently driving fiduciary litigation under the Employee Retirement Income Security Act, including questions of constitutional standing and the fate of the pro-fiduciary presumption of prudence.
Barrett is a member of O'Melveny's Financial Services Practice and focuses on ERISA-related litigation and on providing advice relating to Title I of ERISA. He resides in the Firm's Washington, DC office.