Milligan v. Merrill Lynch

Published on:
August 4, 2025

Court:

U.S. Court of Appeals

(Fourth Circuit)

Amicus Issue:

Whether an employee can retrospectively recast deferred compensation programs as “ERISA plans” and thereby be entitled, under ERISA’s vesting and anti-forfeiture rules, to payment of deferred compensation even if the employee leaves before the awards have vested or otherwise fails to meet the agreed-upon terms of the awards.

Counsel of Record:

Orrick Herrington & Sutcliffe LLP

Robert M. Loeb

Michael Delikat

Alyssa Barnard-Yanni

Other Amici:

None.

Details

Download

More Content

  • Letters
    May 20, 2026

    Sunset of Large Trader Reporting (LTR) for Physical Commodity Swaps pursuant to Regulation 20.9

    SIFMA, ISDA, and FIA urged the CFTC to sunset certain Part 20 physical commodity swap reporting requirements.
  • Letters
    May 19, 2026

    CFTC-SEC Harmonization

  • Letters
    May 19, 2026

    Amendments to Electronic Submission Requirements for Security-based Swap Dealer Valuation Dispute Reports and ANE Exception Notices

    SIFMA comments on the SEC’s proposed FOCUS Report amendments, highlighting concerns with new electronic submission requirements.

Get the latest trends, stats, and research on financial markets and securities.