Labor Firm Engstrom Lee Seeks to Build on Nichols Kaster Role

Four attorneys at employee rights firm Nichols Kaster often pursued financial operations that pushed their own mutual funds onto their workers through company 401(k)s.

Now they’ve struck out on their own at a new firm and still have those types kinds of cases in mind—as well as other violations of the Employee Retirement Income Security Act.

“We’ve absolutely seen improvement in practices in this area” of companies putting their own interests over those of employees, said Carl Engstrom, a partner with the new firm, Engstrom Lee McDonough Thompson & Thomson.

The Minneapolis-based plaintiffs class action firm is focusing on retirement, ...