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ERIC Urges Supreme Court to Reverse Appeals Court Ruling Rewriting Plan Terms in Equitable Remedies
The ERISA Industry Committee [ERIC] Link to more items from this source
Sept. 6, 2012

"The ERISA Industry Committee ... along with the American Benefits Council, the Society for Human Resource Management, and the U.S. Chamber of Commerce on September 5 filed with the U.S. Supreme Court an amicus curiae ('friend of the court') brief urging the Court to reverse an appeals court ruling overriding the terms of a benefit plan in addressing appropriate equitable relief under [ERISA]... The Court will consider whether the Third Circuit correctly held that ERISA Section 502(a)(3) authorizes courts to use equitable principles (including equitable defenses to claims) to rewrite contractual language and refuse to order participants to reimburse their plan for benefits paid, even where the plan's terms give it an absolute right to full reimbursement. The Third Circuit ruled that such defenses can be used to override clear and specific plan provisions that set forth the subrogation rights."  MORE >>

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