Employer's Lawsuit against Trustees of Failed Group May Proceed

Trustees of a failed self-insured group trust did not persuade a New York state appellate court to dismiss a lawsuit filed by an employer that paid a $1.2 million settlement to cover its share of the trust's liabilities. The Appellate Division of the Supreme Court, 3rd Department, rejected arguments by New York Compensation Managers that the lawsuit alleging that the breach-of-contract and breach-of-fiduciary duty claims were time-barred, and that the plaintiffs had failed to state a cause of action.The case is Murray Bresky Consultants Ltd. v. New York Compensation Managers Inc., 515591, ...