Employee Retirement Income Security Act "tag-along" claims
Term · Insurance and risk management · MLC-T-INS-001298
Claims brought under the Employee Retirement Income Security Act (ERISA) that are appended to or follow other types of litigation, such as securities class actions. These claims often allege breaches of fiduciary duty related to the management of employee benefit plans, particularly when a company's stock price declines. They seek to recover losses for plan participants due to alleged mismanagement.
| Identifier | MLC-T-INS-001298 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001298",
"term": "Employee Retirement Income Security Act \"tag-along\" claims",
"field": "Insurance and risk management",
"definition": "Claims brought under the Employee Retirement Income Security Act (ERISA) that are appended to or follow other types of litigation, such as securities class actions. These claims often allege breaches of fiduciary duty related to the management of employee benefit plans, particularly when a company's stock price declines. They seek to recover losses for plan participants due to alleged mismanagement.",
"url": "https://mlchart.com/terminology/insurance/employee-retirement-income-security-act-tag-along-claims/"
}
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