2nd Circuit Denies Rehearing On Benefit Recalculation Ruling

Mealey's (February 14, 2020, 2:40 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel in a Feb. 12 one-page order denied a plan administrator’s petition for panel rehearing or rehearing en banc of a finding that the Employee Retirement Income Security Act allows for the reformation of a plan and recalculation of benefits as relief in a lawsuit where a retirement plan’s terms were found to violate ERISA (Timothy D. Laurent, et al. v. PricewaterhouseCoopers LLP, et al., No. 18-487, 2nd Cir.)....