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Labor Department Secretary Opposes ERISA Statute of Limitations Argument
PLANSPONSOR; free registration may be required Link to more items from this source
[Guidance Overview]
July 28, 2010
Excerpt: The three-year statute of limitations under [ERISA] kicks off only when someone suing under the law first learns of a fiduciary breach. That was a key argument advanced in a friend of the court brief filed by [the DOL Secretary] urging an Illinois federal judge to throw out a former plan trustee's arguments that the legal time limit could be triggered instead when a fiduciary not directly involved in the suit finds out about potential ERISA wrongdoing.

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