Cornell University workers on Friday convinced the US Supreme Court to review a circuit split over how relationships between benefit plans and their service providers can be challenged under ERISA.
The workers asked the justices to review the US Court of Appeals for the Second Circuit’s 2023 decision addressing what benefit plan participants must allege to show that an arrangement between a plan and its service provider violates the Employee Retirement Income Security Act’s prohibited transaction rules.
According to the Second Circuit, which was considering the question for the first time, a prohibited transaction claim based on money paid to ...