Young Adult Institute Inc., a nonprofit corporation that provides services to disabled individuals, is headed to trial over accusations that it violated ERISA when it stopped paying retirement benefits to its former chief executive officer and his wife (Levy v. Young Adult Inst., Inc., S.D.N.Y., 1:13-cv-02861, 10/18/16).
Judge J. Paul Oetken of the U.S. District Court for the Southern District of New York on Oct. 18 denied in part YAI’s motion for summary judgment, holding that YAI can’t avoid liability under the Employee Retirement Income Security Act for defaulting on the payment of Joel M. ...
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