Participant Says High Court Review Of Diversification Ruling Not Warranted

(March 9, 2021, 8:29 AM EST) -- WASHINGTON, D.C. — A participant in the Gannett Co. Inc. 401(k) Savings Plan on March 5 told the U.S. Supreme Court that review of a Fourth Circuit U.S. Court of Appeals’ decision is not warranted because the decision did not create a circuit split regarding whether the diversification requirement under the Employee Retirement Income Security Act applies at the plan or fund level and because the appeals court found that the participant’s complaint stated a claim at each level....