Caroline E. Bressman represents the interests of employees, retirees, plan participants, and beneficiaries in ERISA class action lawsuits across the country.
Prior to joining Cohen Milstein, she was an associate at a highly regarded national plaintiffs’ law firm, where she represented clients in employee benefits/ERISA and employment law class actions.
In addition to managing a full docket, Caroline is an adjunct faculty member at the University of Minnesota Law School, where she teaches a Law in Practice course. She also speaks frequently on ERISA, wage theft and employment law topics in continuing legal education programs.
During law school, Caroline was a staff member (Vol. 101) and the Symposium Articles Editor (Vol. 102) for the Minnesota Law Review.
- American Bar Association, Labor and Employment Law SectionÂ
- National Employment Lawyers Association (NELA)Â
- Minnesota Women LawyersÂ
- Adjunct Professor, University of Minnesota Law School (Spring 2023)Â
- District of Columbia
- Minnesota
- University of Minnesota Law School, J.D., cum laude, 2018
- St. Olaf College, B.A., magna cum laude, 2015
Current Cases
AT&T Pension Benefit Plan Litigation
Scott, et al. v. AT&T Inc. (N.D. Cal.): Cohen Milstein represents participants and beneficiaries in the AT&T Pension Benefit Plan who allege that AT&T failed comply with ERISA’s actuarial equivalence requirements when providing married participants joint and survivor annuities.
B-K Lighting Inc. ESOP Litigation
Chea v. Lite Star ESOP Committee, et al. (E.D. Cal.): Cohen Milstein is representing participants in the Lite Star employee stock option plan in a putative ERISA class action. Plaintiff alleges that Prudent Fiduciary Services and Miguel Paredes, on behalf of the Lite Star ESOP, improperly negotiated and purchased 100% of B-K Lighting stock from Douglas W. Hagen, the chairman of B-K Lighting, for over $25 million, an overly inflated price, in violation of ERISA. Plaintiff also claims that the company’s board of directors and members of the ESOP Committee breached their fiduciary duties to the ESOP and that Prudent Fiduciary Services and Miguel Parades have permitted the Hagen Family defendants to continue to operate B-K Lighting as their personal piggy bank.
Envision Management Holding, Inc. ESOP Litigation
Harrison v. Envision Management Holding, Inc. Board of Directors, et al. (D. Col.): Cohen Milstein represents Envision Management Holding ESOP participants, who allege the ESOP purchased Envision Management Holding stock at an inflated price, causing a multi-million-dollar loss to the ESOP. On February 9, 2023, A three-judge panel for the Tenth Circuit, in a 41-page published opinion, sided with Plaintiffs' argument, which was backed up by a U.S. Department of Labor amicus brief, that an arbitration provision tucked in Envision workers' ESOP plan impermissibly blocked remedies under ERISA, triggering an exemption in the Federal Arbitration Act, which permits a court to overrule an arbitration agreement if it blocks a party from being able to bring claims under federal law. On October 10, 2023, the U.S. Supreme Court denied Defendants’ petition to review the Tenth Circuit’s decision, thereby affirming the lower court’s March 24, 2022 ruling, which denied Defendants’ motion to compel arbitration.
Intel Minimum Pension Plan Litigation
Berkeley v. Intel Corporation et al (N.D. Cal.): Cohen Milstein represents a putative class of pension plan participants and beneficiaries, who allege that the Intel Minimum Pension Plan utilized outdated mortality tables to determine the value of joint and survivor annuities, resulting in married retirees receiving less than the actuarial equivalent of the benefit that ERISA protects.
Past Cases
Triad Manufacturing, Inc. ESOP Litigation
Smith v. GreatBanc Trust Company, et al. (N.D. Ill.): Cohen Milstein represented participants and beneficiaries in the Triad Manufacturing ESOP who alleged that the ESOP's trustees breached their fiduciary duties in connection with the sale of Triad Manufacturing to the ESOP. In September 2021, the Seventh Circuit, in a precedent-setting decision, cited an exception to the Federal Arbitration Act that permits a court to overrule an arbitration agreement if it blocks a party from being able to bring claims under federal law. On August 23, 2023, the Court granted final approval of a $14.8 million settlement and granted class certification.
World Travel ESOP Litigation
Ahrendsen et al. v. Prudent Fiduciary Services. et al. (E.D. Pa.): Cohen Milstein represented a certified class of employee stock option plan participants and beneficiaries who allege that the founders of World Travel and the ESOP trustees created the ESOP and then sold 100% of the employees World Travel stock to the ESOP at an above-market price, saddling it with over $200 million in debt. On June 22, 2023, the Court granted plaintiffs unopposed motion for class certification and final approval of a $8.7 million settlement.
Minnesota Super Lawyers Rising Star (2023)Â
September 27, 2024
Hedge Fund Inks $7.9M Deal In ERISA 401(k) Investment Suit
A Connecticut-based hedge fund that went bankrupt and owner George A. Weiss have agreed to pay $7.9 million to end an ex-worker’s suit alleging the company plowed its employees’ retirement savings into two substandard proprietary funds, according to filings Friday in Connecticut federal court. The proposed class of participants in a 401(k) plan for employees […]
In the News | Law360
March 22, 2024
Radiology Co., Trustee Must Face Ex-Worker’s ESOP Suit
A Colorado federal judge refused to toss a proposed class action accusing a radiology company and its trustee of overcharging the company’s employee stock ownership plan in a $163.7 million sale, saying the former workers’ complaint puts forward enough details to back up their allegations. In a text-only order Thursday, U.S. District Judge Charlotte N. […]
In the News | Law360
February 26, 2024
New York Life To Pay $19M To Settle Retirement Plan Suit
Current and former New York Life Insurance workers asked a federal court Monday to approve a $19 million deal in a proposed class action alleging the insurance giant unlawfully kept underperforming proprietary investment options in two employee retirement plans. Plan participants leading the Employee Retirement Income Security Act suit said in a motion for preliminary […]
In the News | Law360
August 4, 2023
No Pause in ERISA Class Suit for Supreme Court Appeal
A proposed class action alleging a radiology company and its founders overcharged an employee stock ownership plan can move forward, a Colorado federal judge has ruled, saying the defendants aren’t entitled to a stay while they appeal to the U.S. Supreme Court over an order that found federal benefits law trumped the company’s arbitration agreement. […]
In the News | Law360
June 27, 2023
New York Life Workers Seek Class Nod In 401(k) Suit
A group of current and former New York Life Insurance Co. workers asked for class status in their New York federal court lawsuit alleging the insurance giant retained underperforming proprietary investment funds in two retirement plans, arguing that their claims can be litigated in one fell swoop. The employees said Monday that their Employee Retirement […]
In the News | Law360
June 14, 2023
5 Important Benefits Rulings From The 1st Half Of 2023
Here are five rulings from the first six months of 2023 that benefits lawyers should have on their radar. . . . ESOP Managers Lose 10th Circ. Arbitration Bid The Tenth Circuit issued a published opinion Feb. 9 rejecting a radiology company’s bid to compel individual arbitration of an ERISA class action from workers who […]
In the News | Law360
April 24, 2023
Manufacturing Co. Agrees To $14.8M Deal in ESOP Suit
Retail display maker Triad Manufacturing and employee stock ownership plan trustee GreatBanc agreed to a $14.8 million deal to end a lawsuit from workers claiming they were overcharged for Triad stock, teeing up an end to a court battle that the Seventh Circuit refused to kick to arbitration. Proposed class representatives James Smith and Jerry […]
In the News | Law360