Trustees of the Graphic Communications International Union Upper Midwest Local 1M Health & Welfare Plan v. Bjorkedal

How courts have described this case

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

• noting that the funds not withheld from employees’ paychecks were not plan assets
• noting that the funds not withheld from employees’ paychecks were not plan assets
• noting that, for the purpose of determining fiduciary obligations, funds were assets of the plans once the funds were withheld from employees’ paychecks, distinguishing -10- employee contributions from employer-owned contributions, which are not plan assets
• finding nothing fraudulent about corporate officers leasing buildings they personally owned to their wholly owned corporation
• finding nothing fraudulent about corporate officers leasing buildings they personally owned to their wholly owned corporation
• “The primary benefit, and often the primary purpose, of incorporating a closely-held business is to shield the shareholders from liability for the corporation’s debts.”

Source: CourtListener parenthetical corpus (CC0).