High Court Denies Certiorari For Fiduciary Duty Petition Conditioned On Gannett

Mealey's (December 13, 2021, 1:43 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Dec. 13 denied certiorari for a petition by retirement plan participants concerning whether dismissal on the pleadings is appropriate when a fiduciary is accused of imprudence based on maintaining a single-stock fund in a defined contribution plan where participants may sell their shares and reinvest in diversified funds....