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Supreme Court Will Not Hear IBM 401(k) Stock-Drop Suit
Pensions & Investments 
Nov. 10, 2020 "The U.S. Supreme Court ... declined to review a request by fiduciaries of an IBM 401(k) plan seeking to overturn a pro-participant ruling by a federal appeals court in a stock-drop case.... [This] affirms the 2nd Circuit U.S. Court of Appeals decision that participants had provided sufficient information ... to go to trial." [Jander v. Ret. Plans Comm. of IBM, No. 17-3518 (2d Cir. Jun. 22, 2020; cert. denied Nov. 9, 2020)] MORE >> |
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