Supreme Court Rules 9–0 That Cornell Employees May Sue Over Pension Plans

Supreme Court Rules 9–0 That Cornell Employees May Sue Over Pension Plans

The Supreme Court ruled unanimously on April 17 that Cornell University employees may pursue a class action lawsuit in which they claim that their retirement plans were mismanaged and charged exorbitant fees. The U.S. Court of Appeals for the Second Circuit previously held that the employees’ lawsuit could not move forward for lack of evidence. The 9–0 opinion in Cunningham v. Cornell University was written by Justice Sonia Sotomayor. The case a…

Banks to pay 8% interest to retired govt employees for pension delay: RBI

Kolkata: Reserve Bank of India (RBI) is not ready to tolerate delay in pension payment by banks anymore. The RBI has directed “agency banks” that disburse pensions to retired employees of the central government to compensate for any delay that might happen in disbursing the pension amount. The banking regulator has also set the rate of compensation — it has said that banks must pay interest at the rate of 8% per annum. The circular stating the n…

Justices clarify pleading rules for retirement-plan litigation - SCOTUSblog

ShareCunningham v. Cornell University will not go into the history books as one of the most important 30 decisions of the 2024-25 term. The case involves a technical problem about pleading standards under the Employee Retirement Income Security Act, and the court’s resolution of the problem was, in a word, technical. ERISA establishes a series of detailed rules to deal with retirement plans, much of which tracks traditional rules of trust law. A…

Supreme Court refines pleading standard in ERISA cases

Current and former employees of Cornell University, who claimed the administrator of their retirement plans violated §1106(a)(1)(C) of the Employee Retirement Income Security Act by causing the plans to engage in prohibited transactions for recordkeeping services, were only required to plausibly allege in their complaint the elements contained in that provision itself without addressing potential

U.S. Supreme Court refines pleading standard in ERISA cases – Rhode Island Lawyers Weekly

Current and former employees of Cornell University, who claimed the administrator of their retirement plans violated §1106(a)(1)(C) of the Employee Retirement Income Security Act by causing the plans to engage in prohibited transactions for recordkeeping services, were only required to plausibly allege in their complaint the elements contained in that provision itself without addressing potential

The ERISA Edit: Court Rejects ACA Discrimination Claim Targeting Coverage of Weight Loss Drug | Miller & Chevalier

Publications khospital3 Thu, 04/17/2025 - 14:33 Featured On Alert Type Employee Benefits Alert Include Disclaimer On Date 04.17.2025 Description District Court Holds Putative Class's Discrimination Case Pertaining to GLP-1s Implausible  The U.S. District Court for the District of Maine dismissed a putative class action against Elevance Health Inc., f/k/a Anthem, Inc. (Elevance), asserting a claim of disability discrimination related to non-…