Legal Opinion
Evans v. Akers
Court of Appeals for the First Circuit
Decided July 18, 2008No. 07-1140PublishedCited by 55 opinions
1Opinion of the Court
LIPEZ, Circuit Judge.
This case requires us to decide whether former employees who have received lump-sum distributions of the entire balance in their employer’s defined contribution plan may sue on behalf of the plan to recover for alleged fiduciary breaches that diminished the value of their accounts. The question turns on whether they are “participants” within the relevant statutory definition in the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1002(7), 1132. After careful consideration, we hold that former employees who allege that fiduciary breaches reduced…
2Cases cited18 opinions
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- Great-West Life & Annuity Insurance v. KnudsonSupreme Court of the United States · 2002
- Bowen v. MassachusettsSupreme Court of the United States · 1988
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3Cited by55 opinions
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