Washington, D.C., September 24, 2025– The ERISA Industry Committee (ERIC) applauded today’s dismissal of Bueno v. General Electric (GE). In November 2024, ERIC filed an amicus brief in the U.S. District Court of the Northern District of New York supporting GE’s motion to dismiss the Plaintiffs’ complaint explaining that the Plaintiffs lacked standing to sue because they failed to allege an actual injury to their legal interests stemming from the transaction and because they failed to allege any viable claim for relief. The statement below is attributable to Tom Christina, Executive Director of the ERIC Legal Center.
“We are really pleased with the decision dismissing the complaint in Bueno v. GE. The decision is very thorough and covers all the bases. Let’s hope it signals the end of these groundless pension risk transfer cases.”
The order can be found here.