Trustees Of Pension Plan Sue Bermuda Reinsurer For Violation Of ERISA

(August 7, 2019, 12:47 PM EDT) -- WASHINGTON, D.C. — Trustees of the United Mine Workers of America (UMWA) pension plan filed a lawsuit in District of Columbia federal court on Aug. 6 alleging that a Bermuda reinsurance company violated the Employee Retirement Income Security Act when it failed to make $934 million in withdrawal liability payments to the pension fund (Michael H. Holland, et al. v. Cardem Insurance Company Ltd., No. 19-02362, D. D.C.)....

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