Edison Workers Want Another Shot At $373M Pension Suit

Law360, New York (November 8, 2013, 5:36 PM EST) -- A Ninth Circuit decision affirming the dismissal of much of a $373 million class action brought against Edison International by workers who claimed their pension plan was imprudently managed conflicts with two other circuits, the plaintiffs told the U.S. Supreme Court last month.

The Ninth Circuit, which issued an amended opinion and rejected the plaintiffs' rehearing bid in August, applied Supreme Court precedent in a way that was at odds with both the Second and Third Circuits and also undermines the Employee Retirement Income Security Act's...
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.