Mealey's Litigation Procedure - High Court Grants Cert, Remands Cases In Light Of Fifth Third Bancorp

Mealey's Litigation Procedure - High Court Grants Cert, Remands Cases In Light Of Fifth Third Bancorp

WASHINGTON, D.C. - The U.S. Supreme Court on July 1 granted certiorari, vacated judgments and remanded two stock-drop cases arising under the Employee Retirement Income Security Act, one each to the Second and Fifth Circuits U.S. Court of Appeals, in light of the high court's recent presumption-of-prudence ruling in Fifth Third Bancorp v. Dudenhoeffer (Randy Kopp v. Scott W. Klein, et al., No. 13-578, U.S. Sup.; Alex E. Rinehart, et al. v. John F. Akers, et al., No. 13-830, U.S. Sup.).

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