Calculating Damages in ERISA Litigation

Allen Ferrell () and Atanu Saha ()
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Allen Ferrell: Harvard Law School, Postal: Harvard Law School, 1563 Massachusetts Avenue, Cambridge, MA 02138, http://www.law.harvard.edu/faculty/directory/10259/Ferrell
Atanu Saha: Compass Lexecon, Postal: 156 W 56th Street, 19th Floor, New York, NY 10019, http://www.compasslexecon.com/professionals/pages/bio.aspx?BioID=156

Journal of Financial Perspectives, 2013, vol. 1, issue 2, 93-103

Abstract: In this paper we will present and discuss four different methodologies for calculating ERISA damages — what we will label the “best-performing fund,” “portfolio redistribution,” “most similar fund,” and “10b-5 style” ERISA damage methods. For purposes of demonstrating how these ERISA damage methods work in practice we will use facts and data from an actual ERISA litigation matter. These different ERISA methods can result in strikingly different damage estimates. In the ERISA matter we analyze, for instance, aggregate damages can range from less than U.S.$3 million, using the “most similar fund” approach, to well over U.S.$2 billion using the “best-performing fund” ERISA damage method.

Keywords: ERISA damages; ERISA damage calculations; ERISA litigation (search for similar items in EconPapers)
JEL-codes: G21 G22 K22 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofipe:0023

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