Cornell Waives Response To Review Bid For ERISA Prohibited Transaction Ruling

(April 9, 2024, 10:22 AM EDT) -- WASHINGTON, D.C. — Cornell University and related respondents have waived their right to respond to a certiorari petition in which retirement plan participants tell the U.S. Supreme Court that of two 2023 decisions that amplified a “preexisting circuit split” over Employee Retirement Income Security Act pleading standards for prohibited-transaction claims, the ruling against them “is the superior vehicle for review.”...