Individuals, Not Just Pensions, Can Bring ERISA Suits
The plaintiffs, Toledo doctors David Tullis and Michael Mack, were both members of the Toledo Clinic Employees’ 401(k) Profit Sharing Plan, an ERISA-governed defined contribution plan.
The defendant, UMB Bank NA, acted as trustee for the plan. Tullis and Back sued the bank in 2006, saying that it had known about fraud...
To view the full article, register now.