U.S. Supreme Court
Jan. 27, 2016
9th Circuit reversed again on ERISA case
The U.S. Supreme Court on Monday reiterated the strict standard for plaintiffs in Employment Retire Security Class Action lawsuits, reversing a Ninth Circuit decision that held biotech company Amgen Inc. liable to its employees for the drastic losses to its stocks.
Daily Journal Staff Writer
The U.S. Supreme Court on Monday reiterated the strict standard for plaintiffs in Employee Retirement Income Security Act class action lawsuits, reversing a 9th U.S. Circuit Court of Appeals decision that said Amgen Inc. was not protected from liability to its employees after drastic stock losses.
Stockholders filed a class action lawsuit against the Thousand Oaks-ba...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In