Plan Trustee Seeks High Court Review Of Who Bears Burden Of Proving Loss Causation

Mealey's (January 17, 2019, 11:45 AM EST) -- WASHINGTON, D.C. — A 401(k) plan trustee on Jan. 11 asked the U.S. Supreme Court to review the issue of who bears the burden of proof on loss causation in its Employee Retirement Income Security Act dispute with plan participants, arguing that the high court should grant certiorari to “restore the nationwide predictability and uniformity that ERISA promises” (Putnam Investments, LLC, et al., v. John Brotherston, et al., No. 18-926, U.S. Sup.)....