U.S. Chamber Of Commerce, Others Seek Reversal Of Loss-Causation Ruling

(March 12, 2019, 9:48 AM EDT) -- WASHINGTON, D.C. — The U.S. Chamber of Commerce and a number of other industry groups told the U.S. Supreme Court in an amicus curiae brief submitted Feb. 15 that the nation’s high court needs to determine which party has the burden of showing loss causation in a suits brought under the Employee Retirement and Income Security Act, explaining that “things will only get worse” if the First Circuit U.S. Court of Appeals’ ruling is allowed to stand (Putnam Investments LLC, et al. v. John Brotherston, et al., No. 18-926, U.S. Sup.)...