US Tells High Court To Nix Fifth Third's ERISA Appeal

Law360, New York (March 7, 2014, 7:24 PM EST) -- Fifth Third Bancorp's argument that ex-workers who said the company's stock was too risky for their retirement plan had to claim Fifth Third faced dire circumstances — such as impending collapse — to keep a proposed Employee Retirement Income Security Act class action in court is bunk, the U.S. solicitor general told the Supreme Court on Wednesday. 

The solicitor general threw his weight behind two former Fifth Third workers who are defending a Sixth Circuit decision that revived their ERISA case, ruling that the workers did...
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