Beyond ‘Meaningful Benchmarks’: What Sponsors, Fiduciaries Can Learn From Intel Oral Arguments
Sponsors and fiduciaries need a meaningful comparative for funds, but it is unclear what the Supreme Court may recommend.
Tag: Supreme Court
Supreme Court Probes ‘Meaningful Benchmark’ Definition in Intel Oral Arguments
The parties did not agree on the definition during Tuesday’s proceedings.
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SCOTUS: Multiemployer Plan Wins on Withdrawal-Liability Assumption Timing
The Supreme Court found the machinists’ national pension fund did not mishandle calculation of employers’ unfunded vested balances.
Advocacy Groups Urge Supreme Court to Reject ‘Unworkable’ Rule in Intel 401(k) Case
A new amicus brief argues that an appeals court standard could block workers from challenging risky retirement investments.
Federal Judge Rejects Cigna Motion to Stay
A Pennsylvania district court denied the case’s similarity to Anderson v. Intel is significant enough to wait for the Supreme...
Supreme Court to Hear Intel 401(k) Complaint Next Term
The court granted a motion from both parties to delay the hearing until the court’s October term.
Supreme Court Signals Openness to Letting Actuaries Set Assumptions After Valuation Date
Justices’ questions suggested skepticism toward employers’ push for a hard year-end cutoff in withdrawal liability calculations in multiemployer plans.
Supreme Court to Hear Intel 401(k) Case Challenging Fiduciary Standards
Justices will review a long-running complaint that has implications for future ERISA litigation.
Federal Judge Invokes Rare Rule to Rein In ERISA Fee Lawsuits
The ruling requires plaintiffs to meet a higher factual bar before discovery, using a Supreme Court ruling-inspired workaround to screen...
Plaintiffs Drop Home Depot Case Before Supreme Court Review
The participants in the ERISA loss causation complaint chose to abandon the case just two days before the nation’s highest...
Plaintiffs in Long-Lasting Intel Complaint Appeal to Supreme Court
The Supreme Court already ruled on a separate part of the case in 2020 and will have to decide whether...
Supreme Court Asks for Solicitor General Input in Parker-Hannifin 401(k) Fees Case
The case, originally filed in 2021, alleges the company violated ERISA by retaining target-date funds that were high cost and...
Supreme Court to Hear Multiemployer Pension Plan Withdrawal Liabilities Case
Justices will decide how much flexibility actuaries have when calculating how much companies must pay when withdrawing from a multiemployer...
Supreme Court Ruling on Nationwide Injunctions Leaves Fiduciary Rule Stays Intact
The decision in a case about President Trump’s birthright citizenship order has wide implications but does not affect pending litigation...
Supreme Court Denies Hearing for AT&T ERISA Case
The judges did not comment on the case, and the 9th Circuit’s remand to a California district court will stand.
Will Supreme Court’s Cornell Decision Cause ‘Avalanche’ of Litigation?
Industry experts worry that a new wave of ERISA lawsuits will follow the ruling that lowered the bar for plaintiffs...
Supreme Court Asks Solicitor General to Weigh In on Home Depot 401(k) Case
District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on...
Supreme Court Revives Cornell 403(b) Plan Lawsuit
Cornell employees can once again challenge the university over claims of excessive recordkeeping fees in the school’s defined contribution plans.
Supreme Court Hears Oral Arguments in Cornell Pleading Standards Case
The court considered split decisions made in lower courts to determine whether plaintiffs must argue more than a ‘prohibited transaction’...
Industry Groups Urge Supreme Court to Uphold Decision to Prevent Frivolous Lawsuits
The Supreme Court will hear a case against Cornell University to resolve a split among circuit courts on whether a...