Takeda Pharmaceutical ERISA Investigation

Our Team
Charles Field
Charles Field
San Diego Partner
San Diego, CA
David Tracey
David Tracey
Senior Litigation Counsel
New York, NY
Principal Offices

New York

1350 Avenue of the Americas
31st Floor
New York, NY 10019
646-402-5650

San Diego

655 West Broadway
Suite 1700
San Diego, CA 92101
619-577-4253

Case Description

Description: ERISA
Organization: Takeda Pharmaceutical

Takeda Pharmaceutical ERISA

Sanford Heisler Sharp, LLP is evaluating whether Takeda Pharmaceutical has mismanaged its employees’ 401(k) plan. Takeda Pharmaceutical is a global biopharmaceutical company with its U.S. headquarters in Deerfield, Illinois.

About the Investigation

Employers like Takeda have a legal duty to monitor the investment options it makes available to you in your plan and remove those that perform poorly. Our research indicates that for several years Takeda Pharmaceuticals retained too many poorly performing investment options in its 401(k) Plan. In particular, Takeda offered employees the Northern Trust target retirement date funds, a series of ten target retirement date funds that have suffered chronic underperformance spanning a decade. This is significant because large numbers of Takeda employees invested over a half a billion dollars in these funds. Instead, of helping employees build a retirement nest egg, these Northern Trust funds costed employees millions of dollars in retirement savings.

We would like to hear from any person who worked at Takeda and participated in the company’s 401(k).

Call Now

If you were one of the 8,700 participants in the Takeda Pharmaceutical 401(k) Plan and owned one of the following target retirement date funds, please contact Sanford Heisler Sharp, 655 West Broadway, Suite 1700, San Diego, CA 92101 or call our San Diego Office at (619) 577-4253 or our New York office at (646) 402-5650.

If you or someone you care about has been taken advantage of in a securities or other financial transaction, Sanford Heisler Sharp can help right that wrong.

Contact Us Today

Sanford Heisler Sharp, LLP is a public interest law firm representing individuals and groups against corporations and governmental entities. The firm also represents individual citizens when a corporation is committing an act of fraud against the U.S. Government. As a private attorney general, Sanford Heisler Sharp, LLP specializes in employment, Title VII and wage and hour matters; representation of executives and attorneys; qui tam whistleblower cases; consumer fraud; housing discrimination; mass torts; and appellate and complex litigation.

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