Verizon Asks High Court To Deny Cert Petition In Defined-Benefit Plan Case

Mealey's (March 2, 2017, 4:47 PM EST) -- WASHINGTON, D.C. — In a Feb. 16 opposition brief, Verizon Communications Inc. says the U.S. Supreme Court should deny a petition for writ of certiorari asserting that a defined-benefit pension plan participant has standing to file a breach of fiduciary duty suit under the Employee Retirement Income Security Act because the lead plaintiff has not alleged a concrete injury (Edward Pundt, et al. v. Verizon Communications, Inc. et al., No. 16-762, U.S. Sup., 2017 U.S. S. Ct. Briefs LEXIS 537)....