Exelon Fights ERISA Plaintiffs' Bid To Lift Stay

Law360, New York (August 21, 2007, 12:00 AM EDT) -- Exelon Corp. has lashed out at a bid by employees who sued the electric utility for allegedly charging unreasonable 401(k) plan fees to lift a stay, arguing that the stay should remain in place in anticipation of an appellate ruling that may inform theories of liability in the ERISA class action.

In court documents filed Monday in the U.S. District Court for the Northern District of Illinois, Exelon objected to the plaintiffs' motion to lift the stay, which was ordered by Judge John W. Darrah on...
To view the full article, register now.