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Remedies outlined in the Employee Retirement Income Security Act are exclusive and leave no room for judicially created remedies, the 2nd U.S. Circuit Court of Appeals ruled. In a case where trustees of a local union pension fund sought consequential damages under the act, the court found that recent U.S. Supreme Court decisions undermined a leading 2nd Circuit case on the issue, and therefore barred such damages.
May 21, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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