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Conflicts of Interest Under ERISA -- A Review of the Recent U.S. Supreme Court Decision
Anderson Kill & Olick, P.C. via Mondaq
[Guidance Overview] Oct. 8, 2008 Excerpt: In Metropolitan Life v. Glenn, 554 U.S. ___ (2008), a divided Court decided that a plan administrator has a conflict of interest when it decides whether to grant or deny claims that the plan will be required to pay. The Court found the conflict to be clear since '[t]he employer's fiduciary interest may counsel in favor of granting a borderline claim while its immediate financial interest counsels to the contrary.' MORE >> |
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