Plotnick v. Computer Sciences Corp.

The Fourth Circuit affirmed the district court's denial of class certification and grant of summary judgment for CSC in an action filed by former executives pursuant to section 1132(a) of the Employee Retirement Income Security Act (ERISA), 29 U.S.C. 1001 et seq. Plaintiffs alleged denial of benefits under their deferred executive compensation plan after a plan amendment changed the applicable crediting rate, and sought class certification on behalf of all retired plan participants affected by the amendment. The court declined to decide which standards of review applied because the competing standards of review presented a distinction without a difference. Whether the court proceeded under a reasonableness inquiry, an abuse-of-discretion standard, or even de novo review, the 2012 Amendment and CSC's denial of benefits were valid. View "Plotnick v. Computer Sciences Corp." on Justia Law