4th Circuit Says Health Fund Must Pay Excess Assets To New Employee Fund

(January 5, 2018, 1:17 PM EST) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on Jan. 3 affirmed a district court's judgment that a health fund was required to pay excess assets to a new employee welfare trust fund because the payment of the excess funds was required by the contract at issue and not by the Employee Retirement Income Security Act, as the district court determined (Greenbrier Hotel Corp., et al. v. Unite Here Health, et al., Nos. 16-2116, 17-1720, 4th Cir., 2018 U.S. App. LEXIS 105)....

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