We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

2nd Circ. Favors Deloitte In Pension Plan Action

Law360 (April 28, 2011, 4:03 PM EDT) -- The Second Circuit on Thursday ruled that a former Deloitte LLP attorney had not exhausted his administrative remedies before he brought a putative class action accusing the accounting firm of shortchanging pension recipients and tossed the suit.

The case was filed under the Employment Retirement Income Security Act, alleging the company's pension plans incorrectly excluded waiting periods for joining the plan from the time used to calculate pension benefits. The company maintains there is nothing wrong with its calculations.

But a three-judge panel for the Second...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.