Barbara D. Klippert principally advises underwriters, sponsors, investment managers and investors relating to financial transactions with respect to Employee Retirement Income Security Act (ERISA) issues. She works extensively on the ERISA fiduciary aspects of securities offerings, particularly asset-backed and mortgage-backed securities, CLOs, hedge funds, distressed debt funds, real estate and venture capital funds, funded all or in part by ERISA and governmental benefit plan assets, and their related derivative and credit transactions.
Barbara has represented The Bond Market Association/The Securities Industry and Financial Markets Association (SIFMA) in obtaining US Department of Labor approval to permit a broader range of asset-backed securities to be purchased by benefit investors.
Barbara is a member of the ABA Tax Section, Employee Benefits Committee, and is a past member of the Executive Committee and past co-chair and current member of the Employee Benefits Committee of the Tax Section of the New York State Bar Association. She is the author of the “ERISA Considerations” chapter of Offerings of Asset-Backed Securities (Aspen Press, 2005, now published by Walter Kluwer/annual updates), a comprehensive analysis of ERISA considerations relating to asset-backed and mortgage-backed securities and the author of the Practical Law Practice Note “Guide to ERISA Issues in Mortgage-backed and Asset-backed Securities Transactions.” Barbara is a Fellow of the American College of Employee Benefits Counsel and has been listed as a leading employee benefits practitioner in “New York Area’s Best Lawyers” by New York Magazine, the New York Times’ “New York Super Lawyers” and the Best Lawyers in America.