Ninth Circuit Crushes Employees' Constitutional Claim

Law360, New York (October 25, 2006, 12:00 AM EDT) -- A federal appeals court has sided with the state of Oregon, rejecting a challenge to state legislation passed in 2003 which altered the way state employees’ retirement allowances were calculated.

The U.S. Court of Appeals for the Ninth Circuit affirmed a lower court’s decision to grant summary judgment to the defendants-appellees, holding that the changes to the Oregon Public Employees Retirement System resulting from the challenged legislation didn’t constitute a violation of the plaintiffs’ contractual rights with the state.

The eight plaintiffs are all current or...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.