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3/28/2006: Pension Impact Seen for Bankruptcy Case Seeking Certiorari (The ERISA Industry Committee [ERIC])
Excerpt: Morton Klevan, senior policy adviser to the assistant secretary for employee benefits security, said a case currently seeking certiorari before the United States Supreme Court, Pereira v. Farace, could be the most important legal case affecting pension law in the last year.... The petition for certiorari before the U.S. Supreme Court asks whether a prior U.S. Supreme Court ruling, Great-West Life & Annuity Ins. Co. v. Knudson can be correctly read as overruling long-settled law that actions against fiduciaries are exclusively equitable and therefore did not provide defendants the right to a jury."
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