French Bank Hopes To Bid Adieu To ERISA Case

Law360, New York (May 31, 2007, 12:00 AM EDT) -- French bank Credit Lyonnais has asked a judge to dismiss the claims of three former employees, including a former subsidiary president, who insist they were cheated out of pension payouts of up to six-figures.

Credit Lyonnais filed a motion to dismiss the employees' claims on Wednesday in the U.S. District Court for the Southern District of New York, claiming there is no written evidence to support their claims under the Employee Retirement Income Security Act.

Former Managing Director Alex H. Ladouceur, former First Vice President Ronald...
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