9th Circ. Says Pension Summary Flaws Don't Warrant Damages

Law360, New York (March 16, 2012, 6:04 PM EDT) -- The Ninth Circuit on Friday said that inaccuracies in pension plan summary documents alone do not warrant compensatory damages and affirmed a lower court’s decision in favor of Northrop Grumman Corp. in an Employee Retirement Income Security Act class action by former employees.

A three-judge panel rejected the employees' argument that being deprived of an accurate summary plan document, or SPD, was compensable harm by itself, and stated that the employees also had to show how they were harmed by the SPDs, since the employees had...
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