ING Wants ERISA Kickbacks Suit Tossed

Law360, New York (November 2, 2012, 7:57 PM EDT) -- ING Life Insurance & Annuity Co. on Thursday argued against a class of retirement plan administrators accusing the insurer of working out certain revenue-sharing agreements with mutual funds that allegedly violate the Employee Retirement Income Security Act.

In a summary judgment motion filed in Connecticut federal court, ING said the administrator, HealthCare Strategies Inc, whose class certification bid U.S. District Judge Janet C. Hall had granted in September, had not shown enough evidence to back its claims that such agreements were illegal, and argued that the...
To view the full article, register now.