Amara Ruling Should Kill Pension Plan's Kickback Suit: ING

Law360, New York (February 3, 2012, 5:16 PM EST) -- ING Life Insurance & Annuity Co. on Thursday argued that the U.S. Supreme Court’s Amara decision negated a ruling that one of three claims could proceed to trial in a putative class action alleging ING engaged in a pay-for-play scheme with mutual funds in violation of the Employee Retirement Income Security Act.

In its motion for reconsideration, ING contended that U.S. District Judge Janet C. Hall’s Jan. 19 decision to allow the pension plan administrator of Healthcare Strategies Inc.’s claim for breach of fiduciary duty to...
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