6th Circ. Affirms Toss Of Blue Cross ERISA Action

Law360, New York (December 9, 2010, 12:30 PM EST) -- A federal appeals court has affirmed a lower court's decision to nix a putative class action against Blue Cross Blue Shield of Michigan, finding that the company was not acting as a fiduciary under the Employee Retirement Income Security Act when it negotiated a deal that resulted in higher rates for participants in its self-insured plans.

In a split decision, the U.S. Court of Appeals for the Sixth Circuit on Wednesday upheld a district court's grant of summary judgment to Blue Cross in a lawsuit over...
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