Current Investigations

Walter J. Mathews, P.A. is investigating claims involving breaches of fiduciary duty in employer-sponsored retirement plans governed by the Employee Retirement Income Security Act (ERISA). These cases typically arise where plan sponsors, administrators, or fiduciaries are alleged to have failed to act in the best interests of plan participants by allowing excessive administrative and investment fees, retaining imprudent or underperforming investment options, or failing to properly monitor service providers and other fiduciaries.

In more complex matters, these investigations may also involve plan transitions between recordkeepers or investment platforms where participants experience unexplained losses, account discrepancies, or deviations from expected investment allocations. For example, allegations may include significant, unexplained reductions in account value during a transfer of plan assets, lack of transparency regarding fees or adjustments, or failures to safeguard principal in supposedly stable investment vehicles. Such conduct, if proven, can constitute violations of ERISA's strict fiduciary standards of prudence and loyalty, which are among the highest duties imposed under the law.

These cases are often pursued on a class-wide basis where multiple plan participants are impacted by the same systemic issues, with the goal of recovering losses to the plan, restoring diminished retirement assets, and enforcing compliance with fiduciary obligations going forward.

Walter J. Mathews, P.A. is investigating securities fraud claims arising from investment schemes involving Valyou Media, LLC, Connor L. Butler, and Jennifer Butler (a/k/a Jennifer Latham). These matters involve allegations that Valyou Media and Connor Butler solicited investor funds without proper registration, pooled those funds into a single trading account, and utilized high-risk and undisclosed trading strategies — including leveraged derivatives through offshore platforms — while representing the investments as conservative and professionally managed.

The allegations further include material misrepresentations, failure to disclose risks, and the complete loss of investor funds, followed by efforts to conceal assets through transfers to Jennifer Butler to hinder recovery by investors.

Walter J. Mathews, P.A. is investigating potential claims involving insurance companies arising from the denial of coverage for Proton Beam Radiation Therapy (PBRT) used in the treatment of cancer. These investigations focus on situations where insurers have uniformly classified PBRT as "experimental," "investigational," or "not medically necessary," despite its long-standing recognition within the medical community as a safe and effective, FDA-approved cancer treatment recommended by treating physicians.

Such conduct may violate ERISA and applicable law where plan participants are denied coverage for PBRT without a full and fair review, or where insurers disregard medical evidence, clinical guidelines, and individualized patient needs. These denials may force patients to either forgo medically necessary treatment or incur substantial out-of-pocket expenses, and may affect numerous insureds in a similar manner, giving rise to potential class-wide claims.