Penske Says Trustees' Lack Expulsion Power In ERISA Suit

By Beverly Banks (January 19, 2023, 2:34 PM EST) -- Truck leasing company Penske urged an Illinois federal judge to find a Teamsters pension plan doesn't have the power to expel a Dallas bargaining unit and trigger millions in withdrawal liability for the company, arguing the fund based its expulsion decision on an unlawful trust agreement....

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