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By ALM Staff | Law Journal Newsletters |
September 01, 2003

Shareholder Suit in State Court Not Completely Preempted by ERISA

The Sixth Circuit declined to remove a state court action to federal court, ruling that the Employee Retirement Income Security Act (ERISA) did not completely preempt the shareholders' state law claims that corporate mismanagement allegedly led to a dilution of stock value affecting their employee stock ownership plan (ESOP). Husvar v. Rapoport, No. 01-4254 (July 23).

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