Anheuser-Busch InBev Bests ERISA Class Action

Law360, New York (July 19, 2010, 6:01 PM EDT) -- A federal judge has thrown out a putative class action that accused Anheuser-Busch InBev of denying participants in its pension plan enhanced benefits from the sale of its subsidiaries.

Judge Carol Jackson of the U.S. District Court for the Eastern District of Missouri dismissed the complaint Friday for failing to sufficiently show the company breached its fiduciary duty under the Employee Retirement Income Security Act when it refused to increase retirement benefits to employees of subsidiaries it sold or planned to sell.

The suit began last...
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