Ex-Waste Management Execs Dodge ERISA Claims

Law360, New York (October 7, 2011, 7:09 PM EDT) -- A Washington federal judge on Oct. 3 threw out several claims against former Waste Management Inc. executives in a class action brought by former employees alleging the fiduciaries of the company retirement plan covered up a massive accounting scheme by the company.

U.S. District Judge Gladys Kessler granted summary judgment with regard to multiple claims against former Waste Management Chief Financial Officer James E. Koenig and former Vice President of Finance Bruce Tobecksen, finding that the employees failed to prove the executives “fraudulently misstated” financial information...
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