Complaint

Verizon breached its fiduciary duty to current/former employees to monitor the investment options offered in Verizon’s 401(k) Savings Plans and to remove imprudent investment options with high fees. Read the Complaint here.

Class Legal Team

Daniella Quitt at Glancy Prongay & Murray LLP and Major Khan of MKLLC Law.

Recent status

September 28, 2017 Plaintiffs (employee participants) defeated a sufficient part of Verizon Communications’ Motion to Dismiss this case. Read the Court’s Order here.

What this means

Good news for plaintiffs but the fight is not over. We need to hear from other current & former Verizon employees who were in any of the various Verizon 401(k) Savings Plans. Verizon can file additional motions to try to get the Court to dismiss the case before it is settled or goes to trial.

Who can join this class action?

Any current or former Verizon employee who participated in a Verizon 401(k) Plan.

What if I signed a severance agreement with a release of claims?

Severance agreements generally cannot prevent you from being part of a class action or a being a class representative in this type of case. Please contact us if you have more questions on your specific severance agreement.

Is there any cost to me?

No. All plaintiff attorneys are litigating this case on a contingency fee basis.

How can I help and/or participate?

  1. We are interested in reviewing documents you can download from the Verizon 401(k) Savings Plans website:
    • Summary Plan Description (SPD)
    • Annual Fee Disclosure
    • Statements – Please feel free to blackout any personal data

    Please email these to mk@mk-llc.com or fax to 646-546-5755.

  2. Refer other affected Verizon 401(k) Savings Plans employees by sharing this page and or posting on social media (FB, LinkedIn).
  3. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties and Financial Awards.

Please feel free to email mk@mk-llc.com or call 646-546-5664 with any additional questions.

Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.