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Drugs+Guns+Hookers = 1 Misdemeanor, 30 Days for Ex-Judge
Pension Administrator Must Explain Terms
If a pension plan includes an ambiguous term, the plan administrator has a fiduciary duty under ERISA to inform beneficiaries of the company's interpretation, the 3rd U.S. Circuit Court of Appeals ruled. The ruling reversed a lower court's dismissal of the suit and held a jury must decide several questions -- whether the plan provision at issue is truly ambiguous; whether it is material; and whether the plaintiff detrimentally relied on it.Report: Simpson Thacher Overbilled TARP Program
Simpson Thacher & Bartlett has overbilled the federal government nearly $100,000 for work related to the U.S. Department of the Treasury's Troubled Asset Relief Program, according to a special inspector general's report released Wednesday.Trending Stories
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