Kruse-Western Wins Partial Dismissal in ERISA Lawsuit over $244 Million Stock Sale

By Charnae Supplee and Richard J. Pearl on August 6, 2019

Posted In Benefit Controversies, Employee Stock Ownership Plans (ESOPs), Retirement Plans

The federal court affirmed ERISA’s limitations on the types of claims and remedies available under ERISA. This well-reasoned decision affords Congress the deference it deserves by limiting claims and remedies only to those Congress intended to provide in ERISA.

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Tags: ERISA, ESOP, federal court, fiduciary breaches, fiduciary obligations, fiduciary-breach claims, Zavala v. Kruse-Western Inc.

Charnae Supplee
Charnae Supplee focuses her practice on employee benefits and executive compensation matters. She has experience working on matters related to 401(k) and pension plans, cafeteria and welfare plans, nonqualified deferred compensation arrangements, and employee stock ownership plans. Charnae assists clients in drafting employee benefit plan documents and amendments. She advises clients on employee benefits design, implementation and transition matters, and immigration issues during corporate mergers and acquisitions. Read Charnae Supplee's full bio.

Richard J. Pearl
Rick Pearl focuses his practice on litigation involving the Employee Retirement Income Security Act of 1974 (ERISA). He represents companies, their benefits committees, plan administrators, fiduciaries, and service providers in complex, class-action litigation and Department of Labor lawsuits, audits, and investigations. His particular expertise is with actions for breach of fiduciary duty and prohibited transactions. Read Rick Pearl's full bio.

Kruse-Western Wins Partial Dismissal in ERISA Lawsuit over $244 Million Stock Sale

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