Charles M. Dyke

/My focus

I defend sponsors and fiduciaries in ERISA class actions and other complex ERISA cases, prosecute claims on behalf of fiduciaries and plans against service providers, and defend liability claims under complex legacy benefit programs.

I have handled or participated in ERISA appeals in the U.S. Supreme Court and the U.S. Courts of Appeals.

For the first two years of my legal career, I worked as a staff attorney at the PBGC on the agency’s Early Warning Program legal team.

/Representative experience

Representative ERISA and other benefits litigation 

• Kistler v. Stanley Black & Decker, Inc. et al., No. 22-cv-0966 (D. Conn.). Defend Stanley Black & Decker, Inc. and related parties against ERISA breach of fiduciary duty class action asserting claims for “excessive fees” and “imprudent investments.”
• Baker, et al. v. The University of Vermont Medical Center, Inc. (D. Vt.). Defend against ERISA breach of fiduciary duty class action.
• Gotta v. Stantec Consulting Services, Inc. et al., No. 20-cv-1866 (D. Ariz.). Defend Stantec Consulting Services, Inc. and related parties against ERISA breach of fiduciary duty class action asserting claims for “excessive fees” and “imprudent investments.”
• Sacerdote v. Cammack LaRhette Advisors, LLC,No. 17-cv-8834 (S.D.N.Y.). Defend fiduciary advisory firm against ERISA “fees” and “investments” class action involving certain 403(b) plans of New York University.
• Dunne v. Elton Corp. et al, No. 23-1499 (3d Cir.). Defend ERISA breach of fiduciary duty and plan funding claims in U.S. Court of Appeals for Third Circuit.
• Short v. Brown University, No. 17-CV-318 (D.R.I). Defended university against breach of fiduciary duty class action alleging excessive fees and imprudent investments in the university's 403(b) retirement plans. Obtained lowest settlement to date in university 403(b) cases.
• ILWU-PMA Welfare Plan v. M&S Pharmaceuticals, No. 21STCV11583 (Cal. Sup. Ct.). Represent large welfare plan in fraud action against pharmacies and physicians over prescription drug fraud scheme.
• ILWU-PMA Welfare Plan v. Ahmad, No. 19LBCV00187 (Cal. Sup. Ct.). Represent large welfare plan in fraud action against physician and pharmacies over prescription compound drug fraud scheme.
• ILWU-PMA Welfare Plan v. RxUnlimited, No. BC670620 (Cal. Sup. Ct.). Represent large welfare plan in fraud action against pharmacy and physician over prescription compound drug fraud scheme.
• Rollins v. Dignity Health et al. (N.D. Cal.). Defended Catholic-affiliated health care system against challenge to the “church plan” status of its large retirement plan and against related claims alleging breach of fiduciary duty, pension underfunding, and reporting and notice violations.
• Fifth Third Bancorp v. Dudenhoeffer, 134 S.Ct. 2459. Counsel of record for amicus filing in Supreme Court on behalf of ESOP Association arguing in favor of a rule under which ERISA’s duty of investment prudence would not require ESOP fiduciaries to act in response to share-price fluctuations in publicly traded employer stock.
• Golden Gate Restaurant Association v. City and County of San Francisco, 130 S.Ct. 3497. ERISA preemption challenge to San Francisco health care ordinance. Brought in as counsel of record for Golden Gate Restaurant Association during certiorari stage.
• UNUM Life Ins. Co. v. Ward, 526 U.S. 328. Participated in certiorari and merits briefing.
• Paulsen v. CNF, Inc., 559 F.3d 1061 (9th Cir.). Represented CNF in plan funding and Title IV issues in litigation over spin-off transaction.
• United Steelworkers of America v. United Engineering, Inc., et al., 52 F.3d 1386 (6th Cir.). Wrote prevailing brief in Sixth Circuit.
• Chao v. Malkani (4th Cir.). Obtained dismissal of appeal for lack of appellate jurisdiction.
• Aloha Airlines v. Pension Benefit Guaranty Corporation et al. (Bankr. D. Haw. & D. Haw.) Successfully tried distress termination case in bankruptcy court for airline against PBGC and unions in connection with four underfunded defined benefit pension plans. Prevailed in district court when expedited appeal by PBGC was taken.
• Perez v. GreatBanc Trust Co., Sierra Aluminum Co. et al. (C.D. Cal.). Represented valuation firm, ESOP sponsor, and selling shareholders in DOL litigation over ESOP valuation in stock purchase transaction; defeated DOL claim challenging indemnification agreement under ERISA § 410; successfully represented valuation firm against prohibited transaction charges during DOL investigation.
• In re Heller Ehrman LLP (Bankr. N.D. Cal.). Represented law firm’s retirement plan and plan administrator against asserted claims by bankruptcy estate’s creditors that partners’ $12 million contribution to plan 10 months prior to bankruptcy petition constituted recoverable fraudulent conveyance. Persuaded claimants to formally abandon claims in bankruptcy court.
• Evanson v. Price, (E.D. Cal.). Represented trustees of ESOP in substantial breach of fiduciary duty litigation under ERISA against ESOP’s previous trustees.
• Lockyer v. PipeVine, Inc. (California Superior Court, County of San Francisco). Successfully represented receiver for defunct San Francisco charitable organization in pension funding matters against former parent entity and in termination liability and excise tax matters against PBGC and IRS.
• Mentz v. Wells Fargo Bank N.A., et al. (District Court of Texas, Harris County, 281st Judicial District). Represented Wells Fargo Bank against state law claims in series of cases over its service as directed trustee of an IRC § 419(f) plan that the IRS disqualified. Achieved highly favorable settlement after deposing plaintiffs.
• Baackes v. Kaiser Foundation Health Plan, Inc. (N.D.N.Y.). Defeated claims for misrepresentation and equitable estoppel, and obtained order requiring participant to repay $725,000 pension plan overpayment.

/Insights

• “Top Five 401(k) Plan Administration Issues That Are Litigated in ERISA Class Actions,” Nixon Peabody 2023 California MCLE Virtual Seminar, January 19, 2023