U.S. Supreme Court
May 20, 2015
Supreme Court smacks down 9th Circuit on retirement fund case
Corporate officers overseeing the financial health of their workers' retirement plans have a continuing duty to keep a close eye on the fund portfolios, the high court said in a 9-0 smackdown of the 9th U.S. Circuit Court of Appeals.
Daily Journal Staff Writer
Follow your employees' money closely, the U.S. Supreme Court told companies on Monday.
Corporate officers overseeing the financial health of their workers' retirement plans
have a continuing duty to keep a close eye on the fund portfolios, the high court
said in a 9-0 smackdown of a contrary opinion by the 9th U.S. Circui...
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