ERISA claims News

Supreme Court in Bind Over Insurer’s Right to Insured’s Damages Money

Which do the conservative justices hate more: personal-injury lawyers or interpreting a law loosely to expand the power of lower courts? That question was to be on the table Monday at the U.S. Supreme Court. The justices are hearing oral …

Lehman Exec Defeats Employee Lawsuit Over Retirement Losses

A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. …

Supreme Court Favors Employees in Retirement Plan Monitoring Claim

The U.S. Supreme Court on Monday revived claims made by Edison International employees who accused the utility of favoring higher-cost mutual funds over lower-cost ones in its retirement plan. On a 9-0 vote, the court threw out an appeals court …

Miners’ Union Takes Unusual Legal Turn to Save Benefits in Bankruptcy

As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp., lawyers for their union are trying an unusual gambit – and one that may be a test case for workers’ rights when …

Supreme Court Allows GM Workers’ Pension Claim Against State Street Bank

The U.S. Supreme Court is allowing General Motors Co. employees whose pension plans lost money to pursue their case against a State Street Corp. unit over its management of their retirement savings plans before the automaker went bankrupt. Without comment, …

Supreme Court Rejects John Hancock Appeal Over Retirement Plan Lawsuits

The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring lawsuits over their retirement plans. Without comment, the court let stand an April ruling by …