U.S. Supreme Court skeptical of Intel in retirement fund dispute

4 Dec by Vitaliy Dadalyan

U.S. Supreme Court skeptical of Intel in retirement fund dispute

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U.S. Supreme Court skeptical of Intel in retirement fund disputeU.S. Supreme Court justices on Wednesday appeared skeptical of Intel Corp’s bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars. The justices heard an hour of arguments in Intel’s appeal of a lower court ruling reviving the proposed class action lawsuit that a judge decided in 2017 had been filed too late. The case is significant for companies because it could expand the time that many plan beneficiaries have to bring lawsuits, which could lead to higher damages.