DOL, Thelen Trustee Near Deal On Pension Administrator

Law360, New York (February 13, 2012, 2:25 PM EST) -- The U.S. Department of Labor said Friday that it's close to settling a dispute with Thelen LLP's Chapter 7 trustee over the appointment of a new administrator for three Thelen pension plans — a job that the trustee presently handles.

Both parties felt an independent fiduciary for the plans was necessary, but the DOL said trustee Yann Geron breached fiduciary duties under the Employee Retirement Income Security Act by selecting his own firm, Fox Rothschild LLP, to provide services to the plans for a fee, according...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Thelen LLP, a California limited liability partnership


Case Number

1:09-bk-15631

Court

New York Southern

Nature of Suit

Date Filed

September 18, 2009

Law Firms

Government Agencies

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.