That the Trump administration's SolicitorGeneral has come down clearly on the side of participants speaks tothe strength of their case, said Cohen Milstein partner MichelleYau, a lead attorney for the plaintiffs. (Photo: AP)
Does the Employee Retirement Income Security Act allowparticipants in a defined benefit pension plan to sue sponsors formismanagement of assets even when a plan is fully funded?
The Trump administration's Solicitor General, Noel Francisco,and the Labor Department's top lawyers say the answer isunambiguous: ERISA absolutely does.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.