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Federal District Court Finds Lenders to Hedge Fund Not Liable as ERISA Fiduciaries
Proskauer's ERISA Practice CenterLink to more items from this source
Apr. 13, 2015

"A federal court recently dismissed ERISA breach of fiduciary duty claims asserted by Delphi Beta Fund, LLC, a hedge fund, against two of its bank lenders, because there was no precedent for applying ERISA's fiduciary duties to a third party lender to a hedge fund." [Delphi Beta Fund, LLC v. Univest Bank and Trust Co., No. 14-2404 (E.D. Pa. Mar. 27, 2015)]

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