Judge: Fiduciaries Breached Duties In ERISA Plan That Is Underfunded By Up To $38M

Mealey's ( February 6, 2023, 8:55 AM EST) -- WILMINGTON, Del. — Close to four years after concluding that a pension trust is governed by the Employee Retirement Income Security Act, a Delaware federal judge found that the plan is underfunded by up to $38 million dollars and that trustees and grandchildren of the trust settlor are fiduciaries who have breached their duties....