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District Court Holds that Detrimental Reliance Is Not Needed for Class-Wide Relief in ESOP Case
Michelle L. Roberts, via LinkedIn July 8, 2019 "Defendants argued that each putative Subclass member will need to show detrimental reliance on the alleged misrepresentations. Plaintiffs retorted that the Supreme Court's decision in Cigna Corp. v. Amara eliminates the need for detrimental reliance for ERISA Section 404 misrepresentation claims where the participants seek reformation and surcharge. [Cunningham v. WaWa, Inc., No. 18-3355 (E.D. Pa. Jul. 2, 2019)] |
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