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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Jacklyn Wille
The participant, who suffered injuries in a 2014 car accident, validly alleged violations of the Employee Retirement Income Security Act’s prohibited transaction and fiduciary duty rules, Judge J. Philip Calabrese said Thursday. The defendants are accused of using plan assets to fund “illegitimate collection efforts” for their own benefit and of providing misleading information about their ability to recoup benefits once they’ve been paid, Calabrese said.
The complicated dispute involves …
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