Culp, Inc. v. Cain

OPINION

MYRON H. THOMPSON, District Judge.

In this equitable proceeding brought pursuant to the Employee Retirement Income Security Act of 1974 (“ERISA”), § 502(a)(3), as amended, 29 U.S.C. § 1132(a)(3), an ERISA plan and its third-party administrator seek to be reimbursed from settlement proceeds obtained by a beneficiary in a prior negligence lawsuit arising out of an automobile accident. The plaintiffs are Culp, Inc. Health Care Plan (“the Plan”) and Benefit Management Services, Inc. (“BMS”); the defendant is Laura Cain (“Cain”). The court’s jurisdiction is proper under 29 U.S.C. §…