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Home / Opinion Digests / Employment Law / ERISA Fiduciary Can Terminate Plan (access required)

ERISA Fiduciary Can Terminate Plan (access required)

In this appeal of a successful ERISA enforcement action by the Secretary of Labor against a company and its president, the 4th Circuit upholds a district court’s decision to grant a replacement independent fiduciary authority to terminate the plan, in light of the company’s repeated efforts to misappropriate pension funds. The company, Information Systems and Networks ...