Intel Seeks High Court Review Of Ruling As To ‘Actual Knowledge’ In ERISA Suit

Mealey's (March 1, 2019, 1:48 PM EST) -- WASHINGTON, D.C. — Intel Corp. on Feb. 26 asked the U.S. Supreme Court to review a Ninth Circuit U.S. Court of Appeals’ ruling that reversed the entry of summary judgment in a case filed by a former employee and participant in its retirement plans over allegations that it invested retirement funds in violation of the Employee Retirement Income Security Act, contending that the lower court’s “constricted reading of ‘actual knowledge’ will undermine the balance that ERISA’s carefully crafted disclosure framework seeks to achieve” (Intel Corporation Investment Policy Committee, et al. v. Christopher Sulyma, et al., No. 18-1116, U.S. Sup.)....