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Proskauer Rose LLP

11 TIMES SQUARE, NEW YORK, NEW YORK 10036-8299, USA
Tel:
Work +1 212 969 3000
Fax:
Fax +1 212 969 2900
Email:
Web:
www.proskauer.com

Ira Golub

Tel:
Work (212) 969-3008
Email:
Proskauer Rose LLP

Work Department

Employee Benefits and Executive Compensation

Position

Ira Golub is a partner in Proskauer’s Employee Benefits & Executive Compensation Group and a member of the firm’s Executive Committee. Ira’s practice embraces virtually all aspects of employee benefits law, ranging from the establishment and design of pension and welfare plans to the administration and termination of such programs. Ira has significant experience representing employers in their efforts to manage withdrawal liability exposure, particularly with respect to large plans with material underfunding, and has negotiated settlements on behalf of employers involving highly complex and multi-faceted withdrawal liability problems. In addition, Ira has published the COBRA Handbook, a comprehensive text on COBRA that is updated annually.


United States: Labor and employment

ERISA litigation

Within: ERISA litigation

The team at Proskauer Rose LLP is regularly involved in high-profile ERISA litigation. One standout highlight saw Russell Hirschhor and New Orleans-based practice co-head Howard Shapiro representing Wells Fargo in a class action suit claiming a mishandling of its $35bn 401(k) plan’s target-date funds. Co-head Myron Rumeld successfully defended Charles Schwab in a putative class action claiming damages caused by expensive and poorly performing retirement plan investments. Additionally, in a major withdrawal liability case, Rumeld and Ira Golub are acting for private equity firm The Renco Group in relation to an $86m pension liabilities claim by the Steelworkers Pension Trust. Also recommended is newly made New Orleans-based partner Stacey Cerrone, who was involved in a number of ‘church plan’ litigation cases for clients including Presence Health, Wheaton Franciscan Services, Mercy Health and the Hospital Sisters Health System. Other key clients include Neuberger Berman Group, the Metropolitan Transit Authority, Intel and Princeton University. Named partners are based in New York unless otherwise stated.

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Employee benefits, executive compensation and retirement plans: design

Within: Employee benefits, executive compensation and retirement plans: design

According to one client, the 50-lawyer team at Proskauer Rose LLP is ‘the best that a client can expect'; indeed 'there is no problem or issue the team can’t solve’. Anthony Cacace and Neal Schelberg ‘always bring unique ideas to the table and run circles around other law firms’; the latter serves as benefits counsel to multi-employer pension and welfare benefit plan trustees including Morgan Stanley, the NHL, the NBA and Star Gas Partners. Robert Projansky designs and implements 401(k), defined benefit and health and welfare plans for clients including S&P Global, Philip Morris and Citigroup. Washington DC-based practice co-head Paul Hamburger serves as primary outside counsel to the Financial Oversight and Management Board for Puerto Rico; in a major ongoing mandate, Hamburger is assisting with the restructuring of its retirement plans to address the board’s pension liabilities; Ira Golub is assisting on the matter. Also recommended are Washington DC-based Seth Safra and associate Elizabeth Down, who has acted for clients such as Beckton, Dickinson & Co, the Metropolitan Opera Association and UPS. Myron Rumeld and Rory Albert jointly head the practice group. Named lawyers are based in New York unless otherwise stated.

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