8th Circ. Tosses Anheuser-Busch ERISA Action

Law360, New York (July 22, 2011, 5:03 PM EDT) -- The Eighth Circuit on Friday affirmed the dismissal of a putative class action accusing Anheuser-Busch InBev NV of denying pension plan participants enhanced benefits following the sale of its theme park unit to Blackstone Capital Partners VLP.

A three-judge panel concluded that plaintiff Richard Angevine, a former employee of Busch Entertainment Corp., failed to exhaust the administrative remedies for appealing the alleged loss of the extra retirement benefits.

“Angevine’s allegations do not show that it would have been futile for him to pursue an administrative remedy...
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