3rd Circuit Affirms Denial Of Prejudgment Interest Under ERISA

Mealey's (March 15, 2019, 10:37 AM EDT) -- PHILADELPHIA — A Pennsylvania federal judge’s adoption of a recommendation that a prevailing counterclaimant be awarded $750,000 in damages under the Employee Retirement Income Security Act but denied an award of prejudgment interest was “well-reasoned” in view of “equity considerations” and “the unusual circumstances” of the case, the Third Circuit U.S. Court of Appeals ruled March 13 (Regional Employers Assurance League Voluntary Employees Beneficiary Association Trust, et al. v. Gretchen Hutto Castellano, No. 17-3753, 3rd Cir., 2019 U.S. App. LEXIS 7465)....