Charles E. Wert
Principal and Fiduciary Expert
Leslie Canfield Perlman
Principal and Consultant
With decades of experience in leading ERISA litigation teams on complicated district court litigation on behalf of the Secretary of Labor, Leslie has been intimately involved in formulating major policy and innovative legal positions for the government on financial, fiduciary and health care issues. Leslie has over 30 years of ERISA experience not only as a hands-on trial and appellate attorney, but also as team leader, supervisor, and instructor.
Recently retired as Counsel for General Litigation in the US DOL, Plan Benefits Security Division, Leslie led Department of Labor attorney teams responsible for enforcing Title I of the Employee Retirement Income Security Act of 1974 (ERISA). Leslie managed and oversaw all cases filed against the Secretary. Leslie and teams also advised and supported the Employee Benefits Security Administration (EBSA) on complicated enforcement issues, and coordinated agency efforts with the Department of Justice, Pension Benefit Guaranty Corporation, Internal Revenue Service, United States Trustees, Regional Department of Labor attorneys, Securities and Exchange Commission, Financial Industry Regulatory Authority, and Securities Investor Protection Corporation.
Led team for Enron ESOP litigation both in Bankruptcy Court and District Court. Negotiated for appointment of independent fiduciary for Enron ESOP.
Lead trial attorney for DOL legal team in lawsuit on imprudence and overpayment for employer stock by an ESOP. Won case on summary judgment (Valley National Bank); obtained favorable rulings on privilege and discovery issues.
Obtained favorable rulings on privilege and discovery; summary judgment motions yielded important ruling on availability of rescission as an equitable remedy and fiduciary standards (Bruister).
Developed law in area of fiduciary exception to attorney client privilege, duty of board of director member to monitor fiduciaries, ESOP financed leveraged buy-outs, ESOP refinancing, investment in derivatives, purchase of annuities.