National Bank of North America v. Local 553 Pension Fund of the International Brotherhood of Teamsters & Chauffeurs

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• standing under Section 502 carefully restricted to employee beneficiaries and designated participants; judgment creditor of employee-beneficiary has no standing to sue under Section 502
• bank which advised and holds funds for union pension plan is not “fiduciary” since it retains no discretionary authority with respect to union funds

Source: CourtListener parenthetical corpus (CC0).