Alliant Plan Asks 7th Circ. To Ax $18.7M ERISA Judgment

Law360, Chicago (April 3, 2013, 2:52 PM EDT) -- A lawyer for an Alliant Energy Corp. pension plan asked the Seventh Circuit on Wednesday to overturn a lower court's ruling that ordered the plan to shell out roughly $18.7 million to two certified subclasses of participants after it retroactively amended their interest credit rate.

The appeal challenges a Wisconsin federal court's ruling in August that held the plan had violated the Employee Retirement Income Security Act by underpaying the lump sum retirement benefits of the subclasses and awarded $7.9 million in additional plan benefits and...
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