IBM Employees Say No Basis For High Court Review Of Duty-Of-Prudence Claim

Mealey's (May 1, 2019, 3:46 PM EDT) -- WASHINGTON, D.C. — IBM employees on April 18 said there is no basis for the U.S. Supreme Court to grant certiorari review of the Second Circuit U.S. Court of Appeals’ decision that they plausibly asserted a duty-of-prudence claim against the fiduciaries of an IBM employee stock option plan (ESOP) under the Employee Retirement Income Security Act (Retirement Plans Committee of IBM, et al. v. Larry W. Jander, et al., No. 18-1165, U.S. Sup.)....