Case: Retirement Plans/Fiduciary Duties (S.D. Ohio)

A federal district court in Ohio denied Procter & Gamble Co.'s motion to dismiss this ERISA action by a retired employee who began his career in the United Kingdom and claimed that the company didn’t properly disclose how pension changes adopted after he transferred to Ohio would negatively affect his benefits. According to the employee, P&G wrongfully denied him benefits under a policy intended to correct for any retirement benefits lost when an international employee relocates to the U.S. The court found the employee stated a claim for equitable relief based on P&G’s alleged failure to disclose material information that ...