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Pension-Related Cases Being Heard by the Supreme Court
Pensions & Investments Link to more items from this source
Oct. 13, 2014
"The Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.... After reaching settlements resolving allegations of kickbacks, the pharmaceutical services firm was sued by the pension fund, which claimed Omnicare misled investors in its registration statement for an initial public offering. Since then, lower courts have disagreed on whether such statements are challengeable facts or simply subjective opinions, and how much more investors seeking damages would have to prove."

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