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United States
Leading Case
common fundequitable liendouble recoveryerisa fiduciary
US Airways, Inc. v. McCutchen
569 U.S. 88 (2013)
Key Principle
In an ERISA s.502(a)(3) action enforcing an equitable lien by agreement, the plan's written terms govern and cannot be overridden by equitable doctrines such as the double-recovery or common-fund rules; but those equitable doctrines may fill gaps where the plan is silent.
Area of Law
Equity, Trusts & Restitution
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