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Text of Solicitor General's Brief Recommending Supreme Court Deny Review of Stock Drop Case (PDF)
Office of the Solicitor, U.S. Department of Labor Link to more items from this source
June 6, 2015

"Petitioners contend that review is warranted to address which party has the burden of proof on the issue of causation once a plaintiff has established a breach of fiduciary duty under ERISA and a prima facie case of related plan losses, and to address what standard should be used to assess causation when the fiduciary breach is a failure of process. The court of appeals correctly decided both issues, and contrary to petitioners ' contentions, there is no clear circuit split on either question. This case would in any event be a poor vehicle for consideration of the questions presented, because resolution of those questions may not affect the outcome on the causation question. Further review is therefore unwarranted." [Tatum v. RJR Pension Investment Comm., No. 13-1360 (4th Cir. Aug. 4, 2014; cert. pet. filed Dec. 1, 2014)]  MORE >>

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