High Court Mulls Tackling 'Single-Stock' ERISA Cases
Law360 (March 26, 2021, 9:59 PM EDT) -- The U.S. Supreme Court has already called for input twice this year in ERISA cases that hinge on single-stock funds' suitability for employee retirement plans, suggesting that the question of whether it's imprudent to push workers' savings toward just one company's shares could land on the high court's docket in 2021.
This question, arising out of the Fourth and Fifth circuits, will likely keep cropping up in Employee Retirement Income Security Act suits if it is not addressed by the high court, benefits attorneys said. It targets a now-common corporate practice: spinning off a company, then letting the new company's employees invest...
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