6th Circ. Affirms Toss Of Owens Corning ERISA Suit

Law360, New York (September 27, 2010, 7:45 PM EDT) -- A federal appeals court on Monday upheld the dismissal of an Employee Retirement Income Security Act class action against Owens Corning’s retirement savings plan, agreeing with the district court that the suit was barred by the ERISA statute of limitations.

A three-judge panel of the U.S. Court of Appeals for the Sixth Circuit affirmed summary judgment in the case, finding that the plaintiffs, participants in the company’s retirement plans, were aware of the pertinent facts in 2000, when Owens Corning filed for bankruptcy and the plaintiffs’...
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