First Circuit Permits § 502(a)(3) Recoupment Claim Despite Failure To Identify “Specific Account” Holding Funds
January 25, 2010 | 1st, 8th, ERISA | No CommentsThis is a huge win for the subrogation industry.
The court held that Sereboff, rather than Knudson, controlled in this case. Like in Sereboff, the Plan targeted specific funds for recovery , Cusson’s LTD payments, and identified the specific portion to which Liberty is entitled— the amount of the overpayment while Cusson was receiving benefits under the LTD Plan. Read more