Part of the deal for workers at Shannon-based industrial diamond maker, Element Six, was that it offered employees a defined benefit pension scheme.

The story behind the case that concluded in the High Court yesterday will be familiar to Irish workers worried about the risks hanging over money they(...)

More than 100 members of an Element Six defined benefit scheme wound up in 2011 have lost a landmark High Court case against the fund’s trustees for breach of duty

More than 100 members of a defined benefit scheme wound up in 2011 have lost a landmark High Court case against the fund’s trustees for breach of duty(...)

In common with many such funds, the Element Six defined benefit scheme ran into trouble over the last decade

The law governing pension trustees revolves around the principle that they must act at all times in the best interests of the scheme and all of its me(...)

More than 100 members of the Element Six defined-benefit pension scheme are suing its trustees for breach of duty arising from their decision to back a company proposal to wind it up in December 2011, specifically for failing to demand the company ensure its liabilities were fully funded. Photograph:  Seán Curtin/Press 22

Element Six pension scheme trustees acted reasonably when they voted to wind up the multinational’s retirement fund and accepted the company’s final o(...)

Element Six “put a gun to the heads of its pension fund trustees” before the scheme was wound up, the High Court heard yesterday.

Multinational Element Six “put a gun to the heads of its pension fund trustees” in the months before the scheme was wound up in late 2011, the High Co(...)

Workers at the Shannon manufacturing facility are suing the trustees of their defined benefit retirement fund, which the company closed in late 2011.

The Element Six case resumes in the High Court today with the continuing cross-examination of expert witness Vernon Holgate, who took the stand on Thu(...)

Element Six agreed a funding proposal that involved putting €10.75 million a year into the pension pot until 2020, beginning in 2009. Photograph: Seán Curtin Press 22.

In November 2011, the trustees of the Element Six defined benefit scheme voted to accept a company proposal to wind it up. As consequence, they are fa(...)

More than 100 workers from the industrial diamond manufacturer Element Six are suing the scheme’s trustees for breach of duty.

Multinational Element Six deliberately orchestrated the winding up of its defined pension scheme in 2011, the High Court heard yesterday.The move dras(...)

More than 100 members of Element Six’s  defined
 
-benefit plan are suing the fund’s trustees for breach of duty. Photograph: Reuters

Multinational Element Six “siphoned off” more than €165 million in assets in the months before it told workers it could no longer contribute to their (...)

Workers march outside Element Six in Shannon, Co Clare in 2009

More than 100 members of a pension scheme are suing their fund’s trustees for approximately €50 million saying they should have ensured a funding defi(...)