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Bank's Seizure of Sponsor's Bank Account Not Violative of ERISA
Cypen & Cypen [Guidance Overview] Aug. 10, 2010 See item #12 in the newsletter. Excerpt: Current and former employees of JetDirect Aviation ... brought a class action, pursuant to [ERISA, alleging] that JetDirect improperly withheld and diverted employee benefit plan funds from their paychecks to meet JetDirect's obligations to its creditors. |
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