SunEdison Retirees Say Bankruptcy Shouldn't Halt ERISA Suit
Law360, New York (June 15, 2016, 3:22 PM EDT) -- Former SunEdison employees are seeking to jumpstart a Missouri federal proposed class action claiming that company directors violated the Employee Retirement Income Security Act by offering inflated company stock as a retirement plan investment option, saying a bankruptcy judge already gave the go-ahead.
The group of SunEdison retirement plan participants hit the company and its directors with suits in January and February, but the since-consolidated case was closed in April after SunEdison filed for Chapter 11 bankruptcy. The proposed class of participants argued Tuesday that they should be allowed to reopen the ERISA case against the company's investment committee and a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!