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US Department of Labor obtains consent order against retirement plan fiduciaries of defunct Chicago law firm for failing to distribute $6.4M in assets

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CHICAGO – Following a complaint filed by the U.S. Department of Labor, a defunct Chicago law firm’s retirement plan distributed $6,498,858 in retirement plan assets to 40 employees. The plan’s fiduciaries failed to properly terminate the plan and disburse those funds as required by law.On Aug. 18, 2026, the U.S. District Court for the Northern District of Illinois, Eastern Division, entered a consent order resolving the department’s claims against the McCullough, Campbell & Lane LLP, and the firm’s capital partners David L. Joslyn, John W. McCullough, F. Dennis Nelson, and Paul S. Turner. The department alleged that the defendants violated the Employee Retirement

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