Goodwin Procter’s ERISA Litigation Practice published its latest quarterly ERISA Litigation Update. The update discusses (1) the Third Circuit’s decision in Edmonson v. Lincoln National Life Insurance Company holding that the settlement of claims via retained asset accounts was not a breach of the insurer’s fiduciary duty, (2) the Sixth Circuit’s decision in Pipefitters Local 636 Insurance Fund v. Blue Cross and Blue Shield of Michigan holding that an entity providing services to a self-funded health plan acts as a fiduciary where it exercises discretion to determine and assess a fee paid by the plan to the service provider, and (3) the Seventh Circuit’s decision in Abbott v. Lockheed Martin Corporation which continues the court’s analysis of when a class may be certified in a case alleging breach of fiduciary duties with respect to a defined contribution plan.
Webinar on Fiduciary Issues. On Tuesday, October 29, 2013, from 12:00 – 1:00 p.m. EDT, Goodwin Procter partners Jamie Fleckner and Alison Douglass will host a complimentary webinar on the fiduciary issues facing service providers in light of the appellate decisions discussed in the Update. Register here to attend this webinar discussion.