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This document summarizes a court case regarding a lawsuit brought by participants in the New York State Teamsters Conference Pension and Retirement Fund against the trustees of that fund. The participants claimed the trustees breached their fiduciary duty under ERISA by agreeing in 1973 to merge the Teamsters fund with the Brewery Workers Pension Fund without adequately investigating the financial soundness of the Brewery fund. They also claimed the trustees had an obligation to terminate or separate the Br

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Scribd Government Docs

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EN