BellSouth Workers Take ERISA Loss To High Court

Law360, New York (September 16, 2011, 2:27 PM EDT) -- A group of BellSouth Corp. employees sought U.S. Supreme Court review of a class action earlier this month after the Fifth Circuit ruled that a benefits plan's primary thrust was not to provide income, and was therefore not grounds for the suit.

The plaintiffs asked the court on Sept. 1 to decide whether the Fifth Circuit erred in developing its own test of whether a pension plan produces income, rather than relying on what they say is the Employee Retirement Income Security Act’s definition of a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.