The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

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

Myron Rumeld

Tel:
Work (212) 969-3021
Email:
Proskauer Rose LLP

Work Department

Employee Benefits and Executive Compensation

Position

Myron Rumeld is co-chair of Proskauer’s Employee Benefits & Executive Compensation Group and co-chair of the ERISA Litigation Group. His practice focuses primarily on complex, class action litigation and issues relating to fiduciary responsibility. He represents single employer and multiemployer plans, plan fiduciaries, employer contributors to multiemployer plans, and professional advisors to plans. He writes and speaks extensively on employee benefits issues and serves as co-chairman of the Board of Editors for the American Bar Association publication, Employee Benefits Law, Fourth Edition (Bloomberg BNA). In addition, he is a Fellow of the prestigious American College of Benefits Counsel.


United States: Dispute resolution

Appellate

Within: Appellate

Proskauer Rose LLP’s appellate practice has deep expertise in commercial litigation, labor and employment, entertainment, and sports, among other areas. With a sterling reputation built upon success in handling all aspects of ERISA litigation, practice co-head Myron Rumeld led the team on scoring a victory for the Metropolitan Transportation Authority as respondent before New York’s First Appellate Division of the Supreme Court, which dismissed the claims of plaintiff Edward Hughey regarding pension plan benefits. Co-head of the department Mark Harris led the representation of former Hunton & Williams LLP patent lawyer Robert Schulman in United States v Klein (Schulman), an insider trading case at the Second Circuit. At the Eight Circuit, the group represented defendant-appellee in Meiners v Wells Fargo & Co., et al., an ERISA class action claiming breaches of fiduciary duties. Acting for its longstanding client, the National Hockey League, the team secured a win at the Seventh Circuit, which affirmed the dismissal of a wrongful death lawsuit filed by the parents of former player Derek Boogaard.

[back to top]

United States: Labor and employment

ERISA litigation

Within: Leading lawyers

Myron Rumeld - Proskauer Rose LLP

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.

[back to top]

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.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to