U.S. Supreme Court Grants Cert In IBM ESOP ERISA Appeal

Mealey's (June 3, 2019, 11:00 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 3 granted a petition for a writ of certiorari filed by the Retirement Plans Committee of IBM and members of senior leadership seeking a ruling on whether the “more harm than good” pleading standard in Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. 409 (2014), can be satisfied by general allegations of harm (Retirement Plans Committee of IBM, et al. v. Larry W. Jander, et al., No. 18-1165, U.S. Sup.)....