High Court Denies ABB’s Petition To Review Ruling On Calculation Of Losses

Mealey's (October 2, 2017, 1:13 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 2 denied ABB Inc.’s petition for a writ of certiorari, refusing to review the Eighth Circuit U.S. Court of Appeals’ ruling that ABB fiduciaries abused their discretion and breached their fiduciary duties in choosing investment options for their 401(k) retirement plans but remanding for recalculation of plan losses (ABB Inc., et al. v. Ronald C. Tussey, et al., No. 17-265, U.S. Sup.)....

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