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Lawyers for the U.S. Department of Labor and a New Jersey foundry have asked the state Appellate Division to rule that the federal ERISA statute does not pre-empt state claims that an insurance agent committed fraud in the sale of a group life coverage plan to an employer. The foundry claims that it purchased the plan a decade ago upon the agent's promise that employees would get tax-free retirement income.
October 09, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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