William E. Brock, Secretary of Labor v. Loran W. Robbins

How courts have described this case

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

• stating that “[t]he likelihood that a fund’s assets will be unnecessarily diminished is greatly increased when its trustees show a propensity to engage in imprudent conduct”
• rejecting the idea that, in enacting ERISA, Congress intended to deter \imprudent but harmless conduct\
• explaining how imprudent administration of a benefits plan leads to dissipation of plan assets
• explaining how imprudent administration of a benefits plan leads to dissipation of plan assets
• “[T]he purpose of ERISA . . . is to insure that the assets of a fund will be there when the beneficiaries need them.” (emphasis added)
• “Monetarily penalizing an honest but imprudent trustee whose actions do not result in a loss to the fund will not further the primary purpose of ERISA.”

Source: CourtListener parenthetical corpus (CC0).