Mealey's Labor & Employment - High Court Denies Review Of Statute Of Limitations Ruling In Fiduciary Breach Case

Mealey's Labor & Employment - High Court Denies Review Of Statute Of Limitations Ruling In Fiduciary Breach Case

WASHINGTON, D.C. - The U.S. Supreme Court on April 21 denied review of a Seventh Circuit U.S. Court of Appeals ruling that profit-sharing plan participants' breach of fiduciary duty claims related to the termination of the plan were barred by the Employee Retirement Income Security Act's six-year statute of limitations because the participants failed to demonstrate fraud or concealment sufficient to extend the limitations period (Sharon Laskin, et al. v. Veronica Siegel, et al., No. 13-942, U.S. Sup.).

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