Swaths Of Bechtel ERISA Suit Stripped Away

Law360, New York (November 3, 2008, 12:00 AM EST) -- A federal judge on Monday stripped away large portions of an employee benefits class action against Bechtel Corp., refusing among other things to rule that the engineering and construction company engaged in self-dealing with its plan administrator.

Judge Charles R. Breyer also held in the the U.S. District Court for the Northern District of California that the Employee Retirement Income Security Act's six-year statute of limitations would bar claims that arose before Sept. 11, 2000.

In 1990 the company's plan administrator, Bechtel Investments Inc., changed its...
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