Halliburton Asks 2nd Circ. To Kill ERISA Action

Law360, New York (February 14, 2012, 6:28 PM EST) -- Halliburton Co. urged the Second Circuit on Monday to uphold a New York federal court’s dismissal of a putative class action alleging the company cut pensions to employees of a subsidiary that was spun off in 2000.

In a brief, Halliburton said the lower court correctly ruled in June that the plaintiffs, employees of Dresser-Rand Co., improperly brought the suit before exhausting their options to obtain benefits from their plan administrator, as required under the Employee Retirement Income Security Act.

Before bringing the suit, the Dresser-Rand...
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.