Legal Opinion
Connie Edmonson v. Lincoln National Life Insuranc
Court of Appeals for the Third Circuit
Decided August 7, 2013No. 12-1581PublishedCited by 116 opinions
1Opinion of the Court
OPINION OF THE COURT
SCIRICA, Circuit Judge.
Plaintiff Connie Edmonson was a beneficiary of a life insurance plan established by her employer and governed by the Employee Retirement Income Security Act of 1974 (ERISA). Defendant Lincoln National Life Insurance Co. chose to pay her benefits using a retained asset account, which allowed it to hold onto the benefits and invest them for its own profit until Edmonson affirmatively chose to withdraw them from the account.
Edmonson claims Lincoln breached its fiduciary duty of loyalty under ERISA and seeks disgorgement of the profit Lincoln earned by…
2Cases cited45 opinions
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- Simon v. Eastern Kentucky Welfare Rights OrganizationSupreme Court of the United States · 1976
- Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
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3Cited by116 opinions
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