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Appeals Court to Address Novel ERISA Issue in Argent Trust Dispute
Bloomberg Law; subscription required 
June 14, 2024 "Argent Trust Co. convinced the Seventh Circuit to hear an immediate appeal of a decision allowing an employee stock ownership plan participant to seek plan-wide relief for an allegedly improper transaction, despite being denied class status.... The decision flouted federal class action rules and marked the first time a 'conflicted plaintiff' has been allowed to bring representative claims on behalf of a plan, Argent said." [Argent Trust Co. v. Lysengen, No. 24-8016 (7th Cir. Jun. 13, 2024)] MORE >> |
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