CHICAGO, May 1 – LAWFUEL – The Law News Network – Wolf Haldenstein Adler Freeman & Herz LLP was appointed interim lead class counsel on Monday, May 9, 2005, in a case on behalf of employees, participants and beneficiaries of AON Corporation’s 401(k) savings plan against AON (NYSE: AOC) and certain of its corporate directors and officers for breaching their fiduciary duties to the plan
participants and violating the Employee Retirement Income Security Act
(“ERISA”).
In making the appointment, United States District Judge Charles R. Norgle
noted that Wolf Haldenstein has “committed considerable time and resources
into investigating these claims. [The firm] is experienced in handling
complex, large-scale class actions involving … ERISA matters, and the
conduct of corporate officers. While lead counsel, Wolf Haldenstein has
settled numerous class actions, resulting in recoveries of up to $715 million
for class members. In addition, Wolf Haldenstein is a large firm with offices
in New York, Chicago, San Diego and West Palm Beach. Wolf Haldenstein thus has
the resources necessary to adequately represent the putative class members in
this case.”
The Court also consolidated twelve related actions. This case is captioned
“In Re AON ERISA Litigation,” Master Docket No. 04C6875, and is pending in the
United States District Court, Northern District of Illinois.
Wolf Haldenstein has extensive experience in the prosecution of complex
financial litigation, including class actions in federal trial and state
courts throughout the country. The firm has more than 60 attorneys in various
practice areas; and offices in Chicago, New York City, San Diego, and West
Palm Beach. Wolf Haldenstein’s reputation and expertise in shareholder and
other class litigation has been repeatedly recognized by the courts, which
have appointed it to leadership positions in complex securities, anti-trust,
ERISA, and other consolidated litigation.
If you wish to discuss this or any other ERISA action, or have any
questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at (800)
575-0735 or (312) 984-0000 (Fred Taylor Isquith, Esq., Mark C. Rifkin, Esq.,
Adam Levitt, Esq., Gustavo Bruckner, Esq. or Derek Behnke), via e-mail at
classmember@whafh.com, or visit our website at http://www.whafh.com.
