SELYA, Circuit Judge. The fifty-four plaintiffs in this case sought payment of benefits under a severance pay plan (Plan) maintained by their quondam employer, Adage, Inc. Their claims were preferred pursuant to the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. §§ 1001-1461 (1988), and specifically, ERISA § 1132(a)(1)(B)…
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