Halliburton Beats Class Action Over Spinoff Benefits

Law360, New York (June 9, 2011, 3:49 PM EDT) -- A New York federal judge on Thursday threw out a putative class action accusing Halliburton Co. of underpaying pensions to workers of a one-time subsidiary it sold off in 2000.

U.S. District Judge John T. Curtin ruled that the plaintiffs — employees of Dresser-Rand Co. — did not try all their options to obtain benefits from their plan administrator before they took their case to court.

Under the Employee Retirement Income Security Act, any benefit recipient who wants to bring a case against their employer has...
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.