Lawsuit Brought by Schlichter Bogard on Behalf of Cornell University Retirement Plan Participants to Be Heard by United States Supreme Court
As reported by Bloomberg and other media outlets, a case brought by Schlichter Bogard on behalf of Cornell retirement plan participants will be heard in the U.S. Supreme Court. This is the third case brought by Schlichter Bogard under the Employee Retirement Income Security Act of 1974 (“ERISA”) that the U.S. Supreme Court has agreed to hear in the past 10 years. In the first two cases, Tibble v. Edison and Hughes v. Northwestern University, the Supreme Court ruled unanimously for retirement plan participants represented by Schlichter Bogard.
The U.S. Supreme Court’s October 4, 2024, decision to hear the case follows a November 2023 decision by the U.S. Court of Appeals for the Second Circuit. In that decision, the Second Circuit Court of Appeals affirmed a district court’s ruling dismissing claims brought by retirement plan participants represented by Schlichter Bogard. The U.S. Supreme Court will now review the Second Circuit’s decision.
For additional information about Schlichter Bogard’s retirement practice, please contact us at 866-338-3332 or via email at contact@uselaws.com.
