Plan Participants Cannot Pursue Misrepresentation Claims, 6th Circuit Rules

Plan Participants Cannot Pursue Misrepresentation Claims, 6th Circuit Rules

CINCINNATI - The Sixth Circuit U.S. Court of Appeals on April 13 affirmed a trial court's ruling that 225 current and former employees of United States Steel Corp. (U.S. Steel) may not continue with their claims that the company, their union and their retirement plan administrator violated the Employee Retirement Income Security Act by intentionally misleading them regarding how pension benefits would be calculated, inducing some to retire early. (Dominic Cataldo, et al. v. United States Steel Corporation, et al.,  No. 10-3583, 6th Cir.; 2012 U.S. App. LEXIS 7460).

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