Edward Stone Law P.C.

01/19/2026

03/03/2025

https://www.americanbar.org/news/abanews/aba-news-archives/2025/03/aba-rejects-efforts-to-undermine-courts-and-legal-profession/?utm_source=sfmc&utm_medium=email&utm_campaign=YOURABA&promo=YOURABA&RefId=&utm_id=978816&sfmc_id=324560516

Three weeks ago, the American Bar Association spoke to you about values that guide us. We called upon every lawyer to insist that the government adhere to four major principles of law that have guided our country for over 200 years.

01/03/2025

On December 30, 2024, Edward Stone Law P.C. and Elizabeth Hopkins, Esq. of Kantor & Kantor, LLP filed a class action lawsuit in U.S. District Court for the Southern District of New York on behalf of approximately 56,000 Verizon Communications Inc. retirees who formerly participated in one of two defined benefit pension plans, the Verizon Management Pension Plan and the Verizon Pension Plan for Associates. The lawsuit challenges the transfer of approximately $5.9 billion in pension liabilities to the Prudential Insurance Company of America (PICA) and RGA Insurance Company (RGA), alleging breaches of fiduciary duty and prohibited transaction claims under ERISA.

The suit alleges that the pension risk transfer to PICA and RGA “resulted in all 56,000 of these retirees losing all of the uniform protections intended by Congress under ERISA, including the Federal backstop provided to all ERISA protected plans by the Pension Benefit Guaranty Corporation ("PBGC").”

The lawsuit further alleges that Plan Fiduciaries turned a blind eye to highly suspect transactions with affiliates located in “regulation light” jurisdictions and that those affiliated party transactions were anything but “arm’s length” putting plan participants in harm’s way.

The Complaint details how the Plan Fiduciaries acted out of self-interest rather than in the best interests of plan participants in violation of ERISA.

Defendants in the lawsuit are Verizon Communications Inc., the Verizon Employee Benefits Committee, as Plan Administrator, Verizon California Inc., as Plan Sponsor of the Verizon Plan for Associates, Verizon Corporate Services Group Inc., as Plan Sponsor of the Verizon Management Pension Plan, and State Street Global Advisors Trust Co., who acted as independent fiduciary to the retirement plans.

Representative Plaintiffs are Maureen Dempsey, Heinz E. Schlenkermann, and Chris Shelton.

The case is: Dempsey, et al. v. Verizon Communications Inc., et al.
United States District Court, Southern District of New York
Case No. 1:24-cv-10004

For more information, please contact Edward S. Stone, Esq. at [email protected].

11/30/2023

Class certification granted on November 17, 2023. Two classes were certified - for more information visit our website at www. Edwardstonelaw.com.

https://edwardstonelaw.com/what-we-do/corteva-dupont-class-action/

Judge Michael M. Baylson granted class certification Friday to the named plaintiffs leading the lawsuit against DuPont Specialty Products USA, DuPont de Nemours Inc., E.I. du Pont de Nemours & Co. and Corteva Inc. Cockerill v Corteva Inc.

11/24/2023

Happy Thanksgiving to you & yours!

11/21/2023

Class certification was granted in Cockerill, et al. v. Corteva, Inc. in the Eastern District of Pennsylvania on November 17, 2023. Judge Baylson certified two classes of workers: (i) an early retirement class, consisting of more than 500 individuals, and (ii) an optional retirement class, consisting of several thousand workers. The early retirement class consists of those who were under 50 with at least 15 years of service with E.I. du Pont de Nemours & Co. as of May 2019 and transferred to the newly created DuPont at the time of the spin-off in June 2019. The optional retirement class will consist of those over 50 with at least 15 years of service as of May 31, 2019. For more information, call us at (203) 504-8425.

On November 17, 2023, the Honorable Michael M. Baylson granted class certification in this litigation. Judge Baylson certified two classes of workers: (i) an early retirement class, consisting of more than 500 individuals, and (ii) an optional retirement class, consisting of several thousand workers...

06/01/2023

Annuities are full of penalties for cashing out, deterring investors from seeking higher rates.

03/14/2023

My work with retiree groups has taught me many things. It is no surprise to me that retirees hunger for connections to those they worked with.

In 1938, Harvard researchers embarked on a decades-long study to find out: What is the secret to a happy life, especially in retirement? They found a common theme about the biggest challenge retirees face that is rarely talked about.

08/19/2022

You can contact us at [email protected] if you believe you are a class member.

Edward Stone was appointed as class counsel along with attorneys from Keller Rohrback and Marcus & Marcus. This class action alleges violations of RICO, Washington's Consumer Protection Act, and Symetra and SABSCO's contractual duties to the annuitants.

08/12/2022

Edward Stone, Esq. of Edward Stone Law PC has been appointed as class counsel in

White, et al. v. Symetra Assigned Benefits Service Company, et al.
United States District Court Western District of Washington
Case No. 20-cv-01866

along with attorneys from Keller Rohrback and Marcus & Auerbach.

White, et al. v. Symetra Assigned Benefits Service Company, et al.United States District Court Western District of Washington Case No. 20-cv-01866