Joseph C. Faucher was featured in the Law360 article “NYU’s Victory In ERISA Battle Hinged On Expert Witnesses” discussing the closely watched Employee Retirement Income Security Act class action.
Below is a brief excerpt from the article including Joe’s commentary.
“The decision exposes some flaws in the plaintiffs’ expert witnesses and the criteria they use in deciding when and why investments should be removed from a plan’s investment platform,” Faucher said. “I think, going forward, plaintiffs’ attorneys are going to have to be very thoughtful about the experts they choose and the theories the experts advance, because these cases hinge largely on expert testimony.”
Click here for the full article at Law360.