Solicitor General Gets Argument Time In High Court ERISA Fees Duty Of Prudence Suit

Mealey's (November 8, 2021, 1:00 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Nov. 8 granted the solicitor general permission to participate in oral argument, divided argument and an enlargement of time for argument after Northwestern University told the court that a federal judge in Illinois did not err in rejecting allegations that its defined-contribution retirement plan runs afoul of the Employee Retirement Income Security Act because “the duty of prudence is not breached simply” by “marginal cost differences among certain investment options that are otherwise sound” and more than two dozen amicus curiae entities filed briefs supporting Northwestern’s argument....