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ARTICLE · 21 SEPTEMBER 2021

This Week At The Ninth: Powerpoints And Payday Loans

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This week, the Court revives an ERISA claim and compels arbitration of a dispute over tribal internet payday loans.

United StatesLitigation, Mediation & Arbitration

This week, the Court revives an ERISA claim and compels arbitration of a dispute over tribal internet payday loans.

WARMENHOVEN v. NETAPP, INC.
The Court holds that PowerPoint presentations did not constitute plan documents and thus any representations in them could not override ERISA's default rule that welfare plans can be amended at any time, and that an equitable claim for breach of fiduciary duties under Section 1132(a)(3) of ERISA does not require proof of intent to deceive.

The Panel: Judges Christen, Bade, and Feinerman (N.D. Ill.), with Judge Feinerman writing the opinion.

Key Highlight: "[T]he default rule under ERISA provides that welfare plans do not vest and can be amended at any time . . . A plan may override this default rule, but only if it does so expressly in a plan document."

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