Robert B. Reich, Secretary of Labor v. Continental Casualty Company
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Chief Judge.
The Department of Labor appeals from the dismissal of a suit that it brought against an insurance company for monetary relief under ERISA. The trustees of a union pension fund had obtained from Continental Casualty Company a one-year extension of the fiduciary liability insurance policy that Continental had previously issued to them. According to the Department of Labor, the extension provided only $1 million in additional coverage yet Continental charged a premium of $970,000 for the extension and the fund paid the premium. The Department sued both the trustees and…
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- United States v. Lawrence S. BloomCourt of Appeals for the Seventh Circuit · 1998
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