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First Circuit Rejects Lack of Standing Defense to Former Partcipant Claims
Health Plan Law
[Guidance Overview] July 22, 2008
Excerpt: This First Circuit Court of Appeals decision provides a concise summary of the law bearing on the lack of standing defense in the post-LaRue setting. On a somewhat complex set of facts, suffice it to say that certain former employees who had received lump-sum distributions of the entire balance in their employer's defined contribution plan alleged fiduciary breaches that diminished the value of their accounts.
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