Justices Urged To Clarify Bar For ERISA Stock-Drop Suits

By Emily Brill (January 8, 2021, 8:32 PM EST) -- Last year, the U.S. Supreme Court punted on a question that has vexed benefits litigators since 2014: What does it take for an ERISA stock-drop suit to withstand a dismissal motion? Now, Wells Fargo employees want the justices to resolve this issue once and for all, in a ruling that could have a seismic impact on how many of these cases make it to trial. 

Their petition, filed Dec. 23, seeks to clarify the pleading standard in a type of Employee Retirement Income Security Act litigation that arises after a corporation with its own stock in its company retirement plan is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!