Flagg v. Skadden Class Action Website

Welcome to the Flagg, et al., v. Skadden, Arps, Slate, Meagher & Flom Pension Plan Class Action Website.

The parties to this action – the Plaintiffs (on behalf of themselves and the Class), and Defendant Skadden, Arps, Slate, Meagher & Flom Pension Plan (“Defendant” or “Plan”) – reached an agreement to settle a lawsuit filed in 2007 challenging the way between 1992 and August 17, 2006 the Plan calculated the lump sum payouts of the pension benefits earned by some 1,000 former employees of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (“Skadden” or the “Firm”).

The settlement was approved by the Honorable P. Kevin Castel in an Order dated June 5, 2009. There were no objections to the settlement.

The settlement will not become final until 30 days following the date June 5 Order is entered on the docket. The Plan will begin processing payments as soon as that occurs.

Defense Counsel is not currently aware of any appeals being taken from the Order entered June 8, making July 15, 2009 the “Effective Date” of the Settlement barring any intervening events of which Defense Counsel is presently unaware. The Plan is therefore to use best efforts to pay the settlement proceeds by August 14, 2009, and currently plans to send checks/process rollovers during the first two (2) weeks of August.

This site is maintained by Class Counsel who will update it when there is further information to convey to members of the Class. In the meantime, Class members questions should be addressed to info@FlaggPensionClassAction.com or call us toll-free at (877) 822-4205. Emails and calls will go to the Claims Administrator, and be directed to the individuals handling the settlement who should be able to assist you. If your questions or concerns are ones they cannot adequately address, they will contact Plaintiffs’ counsel. You are also welcome to contact Plaintiffs’ counsel directly:

Eli Gottesdiener
Gottesdiener Law Firm, PLLC
498 7th Street
Brooklyn, NY 11215
Tel: 718.788.1500
Fax: 718.788.1650
Email: eli@gottesdienerlaw.com