Tiara Yachts, Inc. v. Blue Cross Blue Shield of Michigan

Docket No.
24-01223
Appellate Court
Sixth Circuit

Goal

  • Award damages
  • Award restitution
  • Declare that defendant breached its fiduciary duty and violated federal law
  • Order defendant to disclose certain information
  • Order disgorgement of defendant's profits

Litigation Content

Why this Matters:

Plaintiff alleges that the defendant violated its fiduciary duty under the Employee Retirement Income Security Act by mishandling plaintiff’s assets under its self-funded health plan. The mismanagement of health plan assets can contribute to increased costs.

Potential Impact:

Ensuring compliance with statutory obligations to administer health plans consistent with their fiduciary duty could help lower health care costs.