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Home / Opinion Digests / Employment Law / Damages, Fee Award Against Trustees Vacated (access required)

Damages, Fee Award Against Trustees Vacated (access required)

Although former trustees of a plasterers’ union pension plan breached their ERISA fiduciary duty by failing to investigate plan investment options and using only certificates of deposit and Treasury bills for a 10-year period, the district court erred in assessing damages against the former trustees without first determining whether the actual investments were imprudent, and ...