In the Headlines
January 21, 2025
Cornell Retirement Plan Dispute Tees Up Circuit Split at SCOTUS
Bloomberg Law
Litigation attorney Lindsey Camp was quoted in a Bloomberg Law article about the U.S. Supreme Court's upcoming review of a case with important implications for Employee Retirement Income Security Act of 1974 (ERISA) litigation. The case, Cunningham v. Cornell University, examines how allegations of prohibited transactions within retirement plans are evaluated, in particular what plaintiffs must demonstrate concerning service provider fees. Ms. Camp emphasized the critical nature of this decision, as it could inform how plaintiffs and defendants approach future ERISA litigation issues.
"In effect, the Supreme Court is deciding whether a defendant has to prove that a service provider's compensation was reasonable or whether a plaintiff has the burden of proving it was unreasonable," she said.
READ: Cornell Retirement Plan Dispute Tees Up Circuit Split at SCOTUS (Subscription required)
"In effect, the Supreme Court is deciding whether a defendant has to prove that a service provider's compensation was reasonable or whether a plaintiff has the burden of proving it was unreasonable," she said.
READ: Cornell Retirement Plan Dispute Tees Up Circuit Split at SCOTUS (Subscription required)