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Litigating the ERISA Fidelity Bond Claim

May 5, 2012

 The Employee Retirement Income Security Act of 19741 requires qualified plans to obtain coverage against loss of plan funds caused by the fraudulent or dishonest acts of persons who "handle" plan funds. Recognizing that ERISA imposes obligations upon the plans, courts and the United States Department of Labor have explained that it is the duty of the plan, not the insurer, to obtain the required coverage......read more 

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