12/26/2002: Analysis: 8th Circuit Sets Precedent on Standing and Statutory Exemption for Fiduciary Self-Dealing (Tess J. Ferrera, Esq. of Kilpatrick Stockton LLP)Harley v. Minnesota Mining and Manufacturing Co. (8th Cir. 2002). Excerpt: "The Eighth Circuit's decision in Harley holds that ERISA Section 408(c)(2) provides a separate exemption for fiduciary self-dealing as long as the compensation paid was reasonable and it may open the door for a challenge to the DOL regulation under ERISA Section 408(b)(2)."
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