Cohen & Buckmann

Target-date funds, once considered a conservative approach to retirement planning, are now under the microscope by both plan sponsors and participants. The COVID-19 pandemic and the March market decline sparked a massive selloff of assets particularly in 2020 funds, whose participants are at or close to retirement, and seeking safer alternatives. The selloffs have shed new light on the risks associated with this investment strategy. The increased scrutiny is due in part to the dominance…
If you are a 401(k) or 403(b) plan fiduciary and you have the impression that ERISA litigation has increased in 2020, you are correct. An analysis by Bloomberg Law says that there have already been five times more lawsuits filed in 2020 than in 2019.  Most of these were filed after March, and Bloomberg attributes this increase at least partially to COVID-19.  Since participants have more time to look into and worry about their plans,…
Elizabeth Drigotas will be participating in the Practicing Law Institute program, “Hot Issues in Executive Compensation 2020,” as a panelist of the session, “Executive Compensation: Restructurings/Investments/Takeover Preparation.” The session will be held on Wednesday, September 9, 2020 at 10:45 a.m. and will cover: Executive compensation considerations in bankruptcy/special issues Emerging from restructuring Takeover preparedness 280G in asset sales and investments As the economy absorbs the impact of the COVID-19 pandemic and the legislature, SEC, and…
Boutique law firm Cohen & Buckmann is pleased to announce that its founding partners Sandra Cohen and Carol Buckmann have been named to the 2021 Best Lawyers in America in the practice of Employee Benefits (ERISA) Law. The firm also ranks in U.S. News – Best Lawyers Best Law Firms in the same practice. Sandra and Carol, who first worked together at Sullivan & Cromwell, are two of the mostly highly regarded attorneys in their…
Elizabeth Drigotas, senior counsel at Cohen & Buckmann PC, will be speaking at a Worldwide Employee Benefits Network Event, “COVID-19 and the New Workplace: How Safety Practices, Work Arrangements and Employee Benefits Have Changed,” on September 17, 2020, at 12:30 p.m. EDT. The event will be available via Webex. The three-member panel will discuss how COVID-19 is changing the workplace, with a focus on significant issues, including: New safety standards and liability concerns The “new…
Carol Buckmann, ERISA lawyer and co-founding partner of Cohen & Buckmann, PC will be a panelist speaking at the Stafford live webinar, “Private Equity Compliance With ERISA: Fiduciary Duties in Managing ERISA Plan Assets,” on Wednesday, September 16, 2020, at 1:00 p.m. EDT. The panel of ERISA attorneys will examine and discuss: The impact recent court cases have had on portfolio company pension withdrawal liability The rules that determine when a private equity fund is…
Carol Buckmann, ERISA lawyer and co-founding partner of Cohen & Buckmann, P.C. will present at the PLANSPONSOR National Annual Conference on September 21–25, 2020, held online. Carol will join a panel of attorneys on the first day of the conference at 12:30 p.m. EDT for the session, “Legislative and Regulatory Update Part I,” to discuss regulations and legislation issued and passed as a result of the COVID-19 pandemic relating to retirement plan administration. Throughout much…
ERISA attorney Carol Buckmann will be participating in the PLANSPONSOR webinar, “Distribution Options for Employees,” on August 20, 2020, at 2:00 p.m. EDT. Carol will be joined by a panel of editors from PLANSPONSOR magazine and other leading industry professionals to discuss issues related to retirement plan distribution options for employees, including: Changes made to hardship withdrawal and required minimum distribution (RMD) rules under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and…
Can a foreign owner of a U.S. business be liable for a subsidiary’s unpaid pension liabilities? A recent decision by the Court of Appeals for the 10th Circuit, GCIU Employees’ Retirement Fund v. Coleridge Fine Arts/Jelinki Ltd., (No. 19-3161, 4/6/2020) indicates that collecting from an entity located outside the United States may be an uphill battle. ERISA’s Rules. Title IV of ERISA provides that both multiemployer plan withdrawal liability and PBGC’s claims when underfunded single…