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Owners of contributing employer to multiemployer pension plan liable for breach of fiduciary duty

USA - May 30 2014 An ERISA fiduciary includes any person who exercises any authority or control over plan assets. If an ERISA fiduciary breaches his or her fiduciary...

Peter K. Bradley, Anita Costello Greer, Richard W. Kaiser, Arthur A. Marrapese III, Ryan M. Murphy.

Unilateral modification of collectively bargained retiree medical benefits leads to litigation

USA - May 30 2014 The increasing and unpredictable costs of retiree medical benefits pose a significant threat to the financial health of employers who sponsor these...

Peter K. Bradley, Anita Costello Greer, Richard W. Kaiser, Arthur A. Marrapese III, Ryan M. Murphy.

Retired executives win reinstatement of terminated SERP benefits

USA - May 30 2014 Three retired executives of Bausch & Lomb Inc. have won a district court battle to reinstate their supplemental executive retirement plan (SERP)...

Peter K. Bradley, Anita Costello Greer, Richard W. Kaiser, Arthur A. Marrapese III, Ryan M. Murphy.

Long legal journey of case defining meaning of partial termination may have come to a close

USA - May 30 2014 After 18 years, the district court in the District of Illinois ruled that a partial termination of a 401(k) plan did not occur. Household...

Peter K. Bradley, Anita Costello Greer, Richard W. Kaiser, Arthur A. Marrapese III, Ryan M. Murphy.

Tussey v. ABB, Inc.: court rules on various 401(k) plan fiduciary issues

USA - May 30 2014 The Eighth Circuit Court of Appeals decided a case in which it addressed a variety of fiduciary breaches alleged by employees participating in an...

Peter K. Bradley, Anita Costello Greer, Richard W. Kaiser, Arthur A. Marrapese III, Ryan M. Murphy.