SCOTUS Invites Solicitor General To Weigh In On ESOP Loss Appeal

Mealey's (March 19, 2018, 11:15 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 19 invited the solicitor general to file a brief expressing the views of the United States in an appeal by an employee stock ownership plan (ESOP) and trust asking the high court to decide whether the Employee Retirement Income Security Act shifts the burden of persuasion on causation to the defendant once a plaintiff has shown a prima facie case of loss (The Pioneer Centres Holding Company Stock Ownership Plan, et al. v. Alerus Financial, N.A., No. 17-667, U.S. Sup.)....