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Supreme Court Rejects Presumption of Vesting of Retiree Welfare Benefits
Sidley Austin LLPLink to more items from this source
Jan. 27, 2015

"The Court held that although a court may look to known customs or usages in a particular industry to determine the meaning of a contract, the court may not rely on its own unsupported suppositions. Instead, the parties must prove those customs or usages with actual evidence." [M&G Polymers v. Tackett, No. 13-1010 (U.S. Jan. 26, 2015)]

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