United States:
Fifth Circuit Remands For Determination Of Whether Surcharge Is Appropriate
05 April 2013
Proskauer Rose LLP
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In Gearlds v. Entergy Servs., Inc., 2013 WL 610543 (5th Cir. Feb. 19, 2013), the Fifth Circuit held in light of CIGNA Corp. v. Amara that plaintiff pled a plausible claim for relief for losses he claims to have suffered from foregoing benefits under his wife’s retirement plan, and remanded to the district court to consider whether the circumstances of the case will warrant surcharge. The Court held that ERISA § 502(a)(3)’s text limiting remedies to “appropriate equitable relief” may – in some cases – include some forms of monetary relief because of the Supreme Court’s recent ruling in Amara.
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