ESOP, Trust And Fiduciary Stipulate To Dismissal Of ESOP Loss Dispute In High Court

Mealey's (September 21, 2018, 10:50 AM EDT) -- WASHINGTON, D.C. — An employee stock ownership plan (ESOP) and trust and a fiduciary on Sept. 14 filed a stipulation of dismissal in the U.S. Supreme Court of a dispute over 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.)....