Fiduciary Duty

  • Over forty employees woke up one day to find out that their retirement plan—over $3 million total—was gone because the trustees of the plan had trusted an investor who had lost all the money while falsifying investment records. All of the affected employees hired HMH. With the investor already in jail, HMH turned to the trustees of the retirement plan. Ultimately, HMH was able to help reach a settlement with the estates of the trustees and the company to pay back as much of the squandered plan funds as possible.