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Financial Services

Xerox Corporation

Carrigan, et al. v. Xerox Corporation, et al.
Case No. 3:21-cv-01085 (D. Conn.)

On August 11, 2021, we filed a lawsuit on behalf of participants in the Xerox Corporation Savings Plan (the “Plan”). The lawsuit alleges that the Plan’s fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by failing to act prudently or in the interest of Plan participants and beneficiaries in managing the Plan. 

The lawsuit alleges that Defendants breached their fiduciary duties by retaining a wholly-owned subsidiary of Xerox as the Plan’s record keeper, despite it charging participants as much as four times above competitive marketplace rates for comparable services.

The lawsuit seeks to recover the Plan’s financial losses resulting from Defendants’ fiduciary breaches. For a copy of the Complaint, click here.

Type of Case

ERISA Violations