Justices Urged To Set High Bar For Stock-Drop Claims

Law360, New York (February 6, 2014, 8:59 PM EST) -- In Fifth Third Bancorp's case before the U.S. Supreme Court, business groups and the U.S. Chamber of Commerce on Monday urged the court to set a high bar for workers who sue when their retirement plans continue investing in their employer's own stock even when it performs poorly.

The high court agreed to hear Fifth Third's appeal of a Sixth Circuit decision that revived a case accusing its pension fund managers of abusing their discretion, in violation of their duties under the Employee Retirement Income Security...
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