03/08/2007
Court Held Trustees of Union Health Fund in ERISA Suit Could Not Offload Blame for Bad Investments Onto Their Attorneys
Gabriel Acosta, et al. v. PACE Local I-300 Health Fund, et al. 2007 WL 496877 (D N.J. 2007)
Brief Summary
After a union’s health care fund failed to pay numerous benefits on behalf of its members, suit was filed against the Fund’s trustees and the third-party administrator, alleging multiple ERISA violations. The trustees then brought a third-party complaint against their attorneys, alleging legal malpractice and breach of fiduciary duty. The district court dismissed all claims against the attorneys with prejudice.
Hinshaws Lawyers for the ProfessionSM Alert can also be viewed at http://www.lawyeringlaw.com
