WASHINGTON, D.C., April 2, 2026 – On Thursday, April 2, The ERISA Industry Committee (ERIC) applauded this week’s dismissal of Maneman v. Weyerhaeuser Company by the U.S. District Court for the Western District of Washington. The case represents a growing trend of class action litigation targeting pension plan transactions. Last year, Plaintiffs challenged the company’s transaction, and ERIC and coalition allies filed an amicus brief urging dismissal. The comment below can be attributed to Andy Banducci, Senior Vice President for Retirement and Compensation Policy at ERIC.
“Yet another federal court has dismissed a cookie-cutter lawsuit attacking routine pension risk transfer transactions. ERIC recognized the danger these suits posed to retirement security, and so filed an amicus brief urging dismissal. Here, the court found that the Plaintiffs ‘allegations fail to state an ERISA violation.’ It is a meaningful outcome, but as the Plaintiffs’ bar has demonstrated time and again, they will be back.”
