ERISA provides standing to bring an action for breach of fiduciary only to a plan’s participants, beneficiaries, and fiduciaries. However, the United States Court of Appeals for the Second Circuit recently held that an entity had standing to bring an action even though it had ceased being a fiduciary more than 20 years prior to the decision. What led the court to reach this result? Read on to find out.
Read More
|
The United States Court of Appeals for the Eighth Circuit recently reviewed a case in which the evidence suggested that the employer had mistakenly overpaid over a half-million dollars to multiemployer funds based upon a misunderstanding as to the scope of its collective bargaining agreement. In the process of reviewing that decision, the Court noted that ERISA specifically exempts mistaken overpayments from its anti-inurement provision and that its own precedent specifically granted employers a common law action for restitution of mistaken payments.
Nevertheless, the Eighth Circuit held that, under the circumstances of the case, equity did not justify a refund of the overpayment to the employer and affirmed summary judgment in favor of the funds. What led the Court to reach this decision? Read on to find out.
Read More
|
On October 1, 2012, the Supreme Court of the United States declined to review a decision of the United States Court of Appeals for the Sixth Circuit which upheld a provision of a collective bargaining agreement (“CBA”) requiring the union to indemnify the employer for withdrawal liability.
Read More
|
On August 8, 2011, the United States Court of Appeals for the Seventh Circuit reached a significant determination in a withdrawal liability case that could leave employers subject to increased, revised withdrawal liability assessments based purely as a result of errors or recalculations performed by multiemployer plans.
Read More
|