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Laborers' Pension Fund v. Property Recycling Services Corp.

N.D. Ill.October 18, 2021No. 1:15-cv-09170
Mixed ResultProperty Recycling Services Corp.$1,316,226.24 awarded
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Case Details

Nature of Suit — the legal category of the dispute
Labor: E.R.I.S.A.
Status — whether other courts must follow this ruling
Unknown
Procedural Posture — the stage the case had reached
summary judgment

Related Laws

No specific laws identified for this ruling.

Claim Types

Breach of Contract

Outcome

Court granted summary judgment for the Funds against PRS on ERISA and LMRA claims for unpaid pension contributions totaling $1,316,226.24, but denied piercing the corporate veil to hold sole shareholder Coyne personally liable.

What This Ruling Means

**What Happened:** The Laborers' Pension Fund filed a lawsuit against Property Recycling Services Corp. for violating ERISA (Employee Retirement Income Security Act) rules. ERISA is the federal law that protects workers' pension and retirement benefits. The pension fund claimed the company failed to meet its legal obligations related to employee retirement benefits, though the specific details of what the company allegedly did wrong aren't provided in the available information. **What the Court Decided:** The court's final decision in this case is not available in the provided information. The case was filed in federal court in Illinois in October 2021, but the outcome remains unknown based on the available records. **Why This Matters for Workers:** ERISA cases like this one are important because they help enforce the rules that protect workers' retirement savings and pension benefits. When pension funds sue employers for ERISA violations, they're working to ensure companies properly contribute to and manage employee retirement funds. These lawsuits help maintain the integrity of the retirement benefit system that millions of workers depend on for their financial security after they stop working.

This summary was generated to explain the ruling in plain English and is not legal advice.

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This ruling information is sourced from public court records via CourtListener.com. Case outcomes, claim types, and summaries are extracted using AI analysis and may be incomplete or inaccurate. It is provided for informational and educational purposes only and does not constitute legal advice.

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