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Effective URL: https://www.law360.com/articles/1523276/ame-church-pastors-add-erisa-claims-to-retirement-suit
Submission: On August 24 via api from US — Scanned from DE
Effective URL: https://www.law360.com/articles/1523276/ame-church-pastors-add-erisa-claims-to-retirement-suit
Submission: On August 24 via api from US — Scanned from DE
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AME CHURCH PASTORS ADD ERISA CLAIMS TO RETIREMENT SUIT
By Abby Wargo (August 22, 2022, 5:53 PM EDT) -- A group of pastors amended their
suit alleging that the African Methodist Episcopal Church's retirement fund is
missing over $90 million in assets, adding claims that the church's
"catastrophic failure" to properly oversee the fund violates federal benefits
law. On Friday in Tennessee federal court, the pastors in the consolidated
proposed class action filed an amended complaint adding seven alternative claims
for relief under the Employee Retirement Income Security Act in the event that
the court finds the church's retirement plan is governed by federal law. In the
89-page updated complaint, the pastors alleged the AME church had neglected its
fiduciary. . .
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