TERMINATION & MERGING FUNDS UNDER ERSIA

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TERMINATION & MERGING FUNDS UNDER ERSIA

Ted
http://www.supremecourt.gov/opinions/06pdf/05-1448.pdf

This is a good read on a recent Supreme Court Case & provides a nice trail or path if you will to other areas of law, citations to major cases and is applicable to some of the deals now going down with the consolidation and merger of UBC Funds upstate NY. As Supreme Court cases go, this one is an easy read and written in very clear terms.

ERISA Sec. 1411 encompasses the merger of Defined Benefit Funds.

This stuff is part & parcel to the Madoff Massacre & the shitty deals some members are getting on their Pensions. The UBC International in moving to correct the improprieties as they would have you believe, is really intent on covering their tracks & burying the evidence (destroying/shredding doc's) before any one figures it out so they can avoid the RICO charges for their criminal activity, collusion etc.