Partner

Co-Leader of ERISA Litigation

Richard E. Nowak

ERISA Litigation, ERISA Fiduciary, Employee Benefits

Übersicht

Rick Nowak is a Co-Chair of Mayer Brown’s award-winning ERISA Litigation practice. Rick is an experienced trial lawyer and skilled litigator who represents clients nationwide in ERISA class actions and other benefits-related disputes involving retirement and health and welfare plans. Rick’s clients include plan sponsors, plan administrators, plan fiduciaries and committees, company boards, trustees, custodians, and third-party service providers, including recordkeepers, managed account providers, and investment advisors. These clients trust Rick for his litigation and benefits expertise, his practical advice, and his ability to effectively and efficiently handle their most challenging matters.

Rick also actively advises clients on key legislative and regulatory developments impacting their benefit plans and investment offerings, and on all aspects of ERISA fiduciary governance including the selection and monitoring of plan investments, managed accounts, service provider arrangements, and other developing areas such as ESG, private funds and alternative investments, and proxy voting. In addition, Rick represents clients before the US Department of Labor and other federal agencies in audits and investigations and to advocate for sub-regulatory guidance and regulatory changes, including advisory opinions and prohibited transaction exemptions.

Erfahrung

Representative ERISA Matters
  • Bafford v. Northrop Grumman Corp., 994 F.3d 1020 (9th Cir. 2021). Affirming district court’s granting motion to dismiss in a class action lawsuit alleging Northrop Grumman Corporation and its benefit plan committee breached their fiduciary duties under ERISA and violated ERISA’s disclosure requirements.
  • Bugielski v. AT&T Services, et al., 2:17-cv-8106 (C.D. Cal.). Granting AT&T’s motion for summary judgment in ERISA class action alleging AT&T breached its fiduciary duties and engaged in prohibited transactions in administering its 401(k) plan.
  • Drake v. BBVA USA Bancshares, 2021 WL 3851974 (N.D. Al.) and Ferguson v. BBVA Compass Bancshares, 2:19-cv-01135 (N.D. Al.). Granting motions to dismiss breach of fiduciary duty claims against plan service provider retained to help select and monitor the 401(k) plan’s investment options.
  • Lauderdale v. NFP Retirement, Inc., 2021 WL 3828646 (C.D. Cal.). Granting motion to dismiss the plaintiffs’ breach of fiduciary duty claims challenging the selection of the 401(k) plan’s investment manager and the retention of certain of the investment manager’s proprietary funds in the plan’s investment lineup.

Auszeichnungen

  • “MVP” for Benefits/ERISA Litigation – Law360
  • “Rising Star” for Benefits/ERISA Litigation – Law360

Ausbildung

  • University of Illinois, BS, with high honors
  • University of Illinois College of Law, JD, summa cum laude
    Articles Editor, University of Illinois Law Review

Zulassungen

  • Illinois

Courts

  • US Court of Appeals for the Second Circuit
  • US Court of Appeals for the Fifth Circuit
  • US Court of Appeals for the Seventh Circuit
  • US Court of Appeals for the Ninth Circuit
  • US Court of Appeals for the Tenth Circuit
  • US District Court for the Northern District of Illinois
  • US District Court for the Central District of Illinois
  • US District Court for the Eastern District of Michigan
  • US District Court for the Eastern District of Wisconsin
  • US District Court for the District of Colorado

Mitgliedschaften

  • U.S. Chamber of Commerce, SIFMA, ICI, ABC, ERIC, ABA
  • Co-Editor, ABA Employee Benefits Committee Newsletter
  • Law360 Benefits Editorial Advisory Board
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