SIFMA submitted an Amicus “Friend of the Court” Brief

Court:  

U.S. Supreme Court 

Amicus Issues:  

Whether the Sixth Circuit erred by holding that respondents were not required to plausibly allege in their complaint that the fiduciaries of an employee stock ownership plan abused their discretion by remaining invested in employer stock, in order to overcome the presumption that their decision to invest in employer stock was reasonable, as required by ERISA, and every other circuit to address the issue.

Counsel of Record:   

Gibson, Dunn & Crutcher LLP

Mark A. Perry
Paul Blankenstein
Ashley S. Boizelle

Other Amici:   

None