Carpenters of Western Washington Retirement Plans
We are representing participants in a putative class action in Johnson, et al. v. Carpenters of Western Washington Board of Trustees, et al. (W.D. Wash. Aug. 2, 2022). Our clients are current and former participants in both the pension and defined contribution plans of the Carpenters of Western Washington. We allege that the plans’ fiduciaries—the Board of Trustees and Callan Investments, the investment consultant it hired—caused the plans to invest heavily in highly risky hedge funds that were inappropriate for these retirement plans. In 2020, these hedge funds collapsed, causing participants to lose a substantial portion of their retirement benefit. As a result, our clients will have to work years longer than they would have in order to make up for these lost earnings. We seek to recoup those benefits for participants and ensure the plans are managed responsibly in the future.
Learn More
This case has been covered in the press by Bloomberg Law and Pension & Investments.
If you were a participant in either of the retirement plans and wish to learn more about this case, share information, or believe you may have a claim, please email one of the lead attorneys on this case, Mark Thomson or Carl Engstrom.
Engstrom Lee is co-counseling with Skiermont Derby LLP and Debofsky Law, LTD.