The Second Circuit’s December 2018 decision reviving the workers’ proposed class action “subverted” the Supreme Court’s newly-created pleading standard and opened a circuit split for cases targeting retirement plans with employer stock investments, the company said in its petition for Supreme Court review, which was docketed March 8.
The decision was a rare win for 401(k) investors in a series of Employee Retirement Income Security Act cases ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.