Law Education Institute Continuing Legal Education

Andrew (Andy) Irving presented a session called "DoL Class Exemption 2003-39" at the January 6 program on Employee Benefits in Aspen. CO. This exemption requires use of an independent fiduciary when a plan seeks to release a party in interest from legal liability, e.g., when a plan that owns employer stock is a member of a class of plaintiff investors in that stock, settling claims against the employer for securities fraud.