ERISA Doesn't Shield Tyco From Fraud Action: Judge

By Erin Fuchs (April 6, 2009, 12:00 AM EDT) -- A judge has ruled that Tyco International Ltd. can't rely on an Employee Retirement Income Security Act provision that shields fiduciaries against liabilities from retirement plan losses stemming from beneficiaries' control over their assets, in a class action that is part of multidistrict litigation alleging a massive accounting fraud at Tyco....

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