DOL Can Back McGraw-Hill ERISA Appeal: 2nd Circ.

Law360, New York (December 15, 2011, 5:37 PM EST) -- The Second Circuit on Wednesday gave the U.S. Department of Labor permission to file a brief backing workers of The McGraw-Hill Cos. Inc. who are fighting to revive their lawsuit claiming their retirement plans were imprudently invested in company stock.

A three-judge panel granted the agency's request to file an amicus brief in support of the workers' petition for a rehearing on their appeal of the suit's dismissal. The department sought the court's permission to do so on Dec. 9.

The Second Circuit initially affirmed a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.