Worker Retirement-Plan Suits Draw US Supreme Court Scrutiny
The US Supreme Court in Washington.
Photographer: Kent Nishimura/BloombergThe US Supreme Court agreed to rule on the requirements for lawsuits that accuse companies of offering workers imprudent investment options in their retirement plans.
The justices said Friday they will hear an appeal from two former Intel Corp. employees over the company’s allocation of worker retirement money to hedge funds and private equity funds. A federal appeals court threw out the claims.