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Insurance companies sued for violating ERISA (access required)

Where two insurance companies sued for alleged breaches of fiduciary duties argued that the liquidating trustee lacked statutory standing under the Employee Retirement Income Security Act of 1974, or ERISA, their arguments were rejected. The company, as Plan administrator, operated as a fiduciary to the Plan, making the trustee a successor fiduciary. Background Kevin P. Clancy, in ...