Tag: ERISA

New Effective Dates Set For ERISA Disclosure Rules

Effective Date of Service Provider Fee Disclosure Extended to April 1, 2012 Effective Date of Participant-Level Disclosure Extended to May 31, 2012 On July 16, 2011, the U.S. Department of Labor’s Employee Benefits Security Administration issued an interim-final regulation aligning and implementing the two remaining components of its three-pronged...

Supreme Court Expands Scope of Deferential Review of ERISA Plan Administrators’ Determinations

The U.S. Supreme Court’s recent ruling in Conkright v. Frommert, [1] highlights the importance of ensuring that an ERISA plan’s documents explicitly grant discretionary authority to the plan administrator to interpret the plan and resolve ambiguities. The ruling affirms that a court will not second guess an administrator armed with such authority even...

Outside Counsel Solutions Takes the Lead for AMSO – Oil Shale Making Headlines

Outside Counsel Solutions LLP attorneys represented client, IDT Corporation in its recently announced agreement to sell a 50% interest in IDT’s American Shale Oil Company (AMSO) subsidiary to an affiliate of French oil giant, Total. AMSO holds a Research, Development and Demonstration lease from the Bureau of Land Management in Western Colorado, an...