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Court Refuses to Overturn Decision of Multiemployer Plan Trustees; Participating Employer Had Made Financial Proposal
Wolters Kluwer Link to more items from this source
July 6, 2020

"Whether the Kroger proposal would actually have injured the plan was not determinative, the court stressed, as there was no genuine dispute that the trustees considered several sources of input, weighed the risks, and made a choice that benefitted the plan as a whole. Thus, even if the trustees' decision did not provide the greatest value to the plan, the decision did not constitute an abuse of discretion, as the trustees reasonably believed the Kroger proposal would harm most beneficiaries." [Campbell v. Whobrey, No. 16-4631 (N.D. Ill. Mar. 22, 2020)]  MORE >>

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