Based on ERISA requirements, the court found, employees of Vermont-based CTC Corp. not only were legally able to bring their lawsuit, as the district court held, but were entitled to significantly more funding than originally calculated.
September 30, 2021 at 05:04 PM
4 minute read
The Second Circuit Court of Appeals has issued an opinion finding a film photography company’s downfall in the early 2000s shouldn’t have taken employees’ retirement funds down with it.
Based on ERISA requirements, the court found, employees of Vermont-based CTC Corp. not only were legally able to bring their lawsuit, as the district court held, but were entitled to significantly more funding than originally calculated.
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U.S. Court of Appeals for the Second Circuit
