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ERISA Plan Cannot Recover Spent Settlement Fund, High Court Rules (PDF)
Buck Link to more items from this source
Feb. 16, 2016

"This conclusion is consistent with several earlier Supreme Court cases involving similar facts where the Court stuck to traditional equitable principles in interpreting 'appropriate equitable relief,' refusing to adopt a more expansive definition.... Failing to timely pursue and collect settlement proceeds to which a plan is entitled under its subrogation and reimbursement provisions could itself be come the basis for a breach of fiduciary duty claim brought by other plan participants."

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