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Supreme Court Rejects 'One Strike and Out' Rule for Deference to Plan Administrator's Decisions
Steptoe & Johnson LLP Link to more items from this source
[Guidance Overview]
May 20, 2010

"The disposition by the lower courts should have made this an easy decision. Whatever the intricacies of trust law, requiring the plan to ignore the time value of money was without basis. The dissent makes an attempt to defend it, but the case should have been remanded to fashion a more reasonable remedy."

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