The plaintiffs allege that the defendants mismanaged retirement plan assets by stuffing target date funds in the Intel plans with expensive, opaque, and esoteric private equity and hedge fund investments. These outlier investments caused Intel employees to lose hundreds of millions of dollars in retirement savings.
The cert petition challenges the 9th Circuit’s “meaningful benchmark” rule that requires comparisons to nearly identical funds.
The Chief Justice of the United States appoints the members of the Commission, which oversees the Supreme Court Fellows Program and selects the Fellows each year.
The relief granted in this case is nothing short of a nationwide injunction.
Bailey Glasser has successfully represented our client Williamson Energy in defeating a $900 million lawsuit and obtaining the award of $2.9 million in attorney’s fees as a result.
