9th Circ. Upholds Edison's Near-Win In $373M ERISA Row

Law360, New York (March 21, 2013, 6:54 PM EDT) -- Edison International retained its partial victory in a $373 million Employee Retirement Income Security Act dispute in which a class of employees sued the utility giant over its retirement plan fund selection, when the Ninth Circuit on Thursday affirmed a lower court’s $370,000 award to the plaintiffs.

A three-judge panel affirmed U.S. District Judge Stephen V. Wilson’s July 2009 summary judgment for Edison that had tossed nearly all of the plaintiffs’ claims, but also affirmed his 2010 ruling after a bench trial that the defendants had...
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