Panel Upholds ‘New Hire’ Remedy, Prime Rate Prejudgment Interest Award

Mealey's (January 16, 2019, 10:30 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Jan. 14 found that a New York federal judge did not abuse his discretion in concluding that violations by administrators of the Xerox Corporation Pension Plan of the notice requirements of the Employee Retirement Income Security Act can be remedied by reformation of contract (Paul J. Frommert, et al. v. Sally Conkright, Xerox Corporation Pension Plan Administrator, et al., Nos. 17‐114, 17‐738, 2nd Cir., 2019 U.S. App. LEXIS 1145)....