7th Circuit Upholds Rulings And Injunction Against Former ERISA Plan Fiduciaries

Mealey's (May 15, 2023, 1:10 PM EDT) -- CHICAGO — Affirming rulings against two former retirement plan fiduciaries, a Seventh Circuit U.S. Court of Appeals panel agreed that summary judgment was correct because they breached their duties of loyalty and prudence under the Employee Retirement Income Security Act, that denial of a motion to amend their answers was appropriate and that the injunctive relief granted was not excessive....

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