Retirement Plans Committee v. Jander
| Retirement Plans Committee v. Jander | |
|---|---|
 | |
| Original jurisdiction Decided January 14, 2020 | |
| Full case name | Retirement Plans Committee v. Jander |
| Docket no. | 18-1165 |
| Citations | 589 U.S. ___ (more) |
| Outcome | |
| Case vacated and remanded for consideration of arguments made for the first time in the Supreme Court briefing. | |
| Court membership | |
| |
| Case opinions | |
| Per curiam | |
| Concurrence | Kagan, joined by Ginsburg |
| Concurrence | Gorsuch |
| Laws applied | |
| Employee Retirement Income Security Act of 1974 | |
Retirement Plans Committee v. Jander, 589 U.S. ___ (2020), was a United States Supreme Court case in which the Court declined to make a decision. The Court vacated and remanded to the Second Circuit Court of Appeals for consideration of arguments made for the first time in the Supreme Court briefing.[1][2]
Description
The petitioners argued that the Employee Retirement Income Security Act of 1974 imposes no duty on an Employee Stock Ownership Plan fiduciary to act on inside information. The government argued that an ERISA-based duty to disclose inside information that is not otherwise required to be disclosed by the securities laws would "conflict" at least with objectives of the complex insider trading and corporate disclosure requirements imposed by the federal securities laws.[1]
See also
References
- ^ a b Retirement Plans Comm. v. Jander, No. 18-1165, 589 U.S. ___ (2020).
- ^ "Opinion analysis: Justices punt on liability of insiders for mismanagement of pension plans that invest in employer stock". SCOTUSblog. January 14, 2020. Retrieved November 5, 2024.
External links
- Text of Retirement Plans Committee v. Jander, No. 18-1165, 589 U.S. ___ (2020) is available from: Justia
This article incorporates written opinion of a United States federal court. As a work of the U.S. federal government, the text is in the public domain.