Joaquin County Employee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Applying California law, the United States Court of Appeals for the Ninth Circuit has held that a fiduciary liability policy’s Prior and Pending Proceeding Exclusion did not bar coverage for litigation concerning implementation of a settlement agreement resolving a prior lawsuit because the two actions did not “arise out of the same facts or circumstances.”
In 1998, employee benefit plan members brought suit against the insured plan asserting that the California Supreme Court’s holding in
Ventura County Deputy Sheriffs’ Association v. Board of Retirement, 16 Cal. 4th 483 (1997), applied retroactively to require that certain compensation be deemed “compensation earnable” for purposes of calculating retirement benefits (the 1998 Action). The 1998 Action resulted in a settlement agreement in 2001 (the 2001 Agreement) that established a supplemental reserve fund to provide plan members with new re ....

United States , San Joaquin County , Ventura County , Ventura County Deputy Sheriff Association , United States Court , California Supreme Court , Applying California , Ninth Circuit , Pending Proceeding Exclusion , Joaquin County Employee , Inadequate Funding Exclusion , Wrongful Act , Benefit Plan , Pending Proceeding , ஒன்றுபட்டது மாநிலங்களில் , சான் ஜொஅஃஉஇந் கவுண்டி , வென்ச்சுரா கவுண்டி , வென்ச்சுரா கவுண்டி துணை ஷெரிப் சங்கம் , ஒன்றுபட்டது மாநிலங்களில் நீதிமன்றம் , கலிஃபோர்னியா உச்ச நீதிமன்றம் , விண்ணப்பிக்கிறது கலிஃபோர்னியா , ஒன்பதாவது சுற்று , தவறானது நாடகம் , நன்மை திட்டம் ,