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Jeffrey Schweitzer, et al., Petitioners v. Investment Committee of the Phillips 66 Savings Plan, et al.
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December 13, 2021
High Court Turns Away Gannett, Phillips ERISA Battles
The U.S. Supreme Court declined Monday to wade into lawsuits against Gannett and Phillips 66, refusing to address whether they violated federal benefits law by funneling workers' retirement savings into a single company's stock.
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June 25, 2021
Benefits Cases To Watch In The Remainder Of 2021
Benefits litigators have no shortage of cases to watch in 2021's second half, as courts consider high-profile questions such as when a retirement plan's investments are adequately diversified, how suits over plan fees can clear dismissal bids, and whether plans can make workers arbitrate claims of plan mismanagement.
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June 10, 2021
High Court Urged Not To Review Phillips 66 Single-Stock Suit
The overseers of Phillips 66's retirement plan urged the U.S. Supreme Court not to review their victory in an ERISA case that claimed they invested workers' savings too heavily in Phillips' former parent company's stock, arguing in a document filed Thursday that the Fifth Circuit ruled correctly.
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March 26, 2021
High Court Mulls Tackling 'Single-Stock' ERISA Cases
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.