High Court Won’t Review Ruling On ERISA Fiduciary’s Liability

Mealey's (June 28, 2016, 7:55 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 27 let stand a Sixth Circuit U.S. Court of Appeals divided opinion that rejected the breach of prudence claims asserted by participants in an employee stock ownership plan (ESOP) (Raymond M. Pfeil, et al. v. State Street Bank and Trust Company, No. 15-1199, U.S. Sup.)....