Supreme Court Declines to Address Pleading Standards in Stock-Drop Litigation – Retirement Plans Committee of IBM v. Jander Benefits Law Update
By EsqSocial Corporation 15/12/20
On November 9, 2020, the Supreme Court declined to consider an appeal from the Second Circuit Court of Appeals in Retirement Plans Committee of IBM v. Jander, leaving unresolved for now questions about the specificity required by the “more harm than good” pleading standard in stock drop litigation against ERISA plan fiduciaries. The November ruling was the second time this year the Court refused to consider the merits of the Second Circuit’s decision......
By: Verrill