10th Circ. Cuts Off Ex-AT&T Workers' ERISA Action

Law360, New York (March 9, 2009, 12:00 AM EDT) -- A federal appeals court has upheld the dismissal of a proposed class action launched against AT&T Corp. over the company's decision to transfer a group of retirees to a benefits plan under a spinoff company, agreeing with the lower court that the plaintiffs lacked standing to sue under the Employee Retirement Income Security Act.

The U.S. Court of Appeals for the Tenth Circuit affirmed the summary judgment finding for AT&T on Monday after finding that the retirees were not participants in an ERISA plan sponsored by...
To view the full article, register now.