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Supreme Court (U.S.)

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  • CHICAGO, May 21- The U.S. Supreme Court ruled this week that employers have a duty to protect workers in their 401 plans from mutual funds that are too expensive or perform poorly. The high court ruled on a class-action lawsuit against Edison International. St. Louis lawyer Jerome Schlichter, who has made a cause of suing 401 plans to get them to shape up, brought the...

  • COLUMBUS, Ohio— The status of the nation's first privately-owned state prison is up for debate in Ohio as litigation brought on behalf of union workers displaced by the historic sale is argued before the state's high court. John Kasich and the GOP- controlled state Legislature passed a biennial budget bill authorizing the sale of Lake Erie Correctional...

  • New transparency for 401k plans   Tuesday, 19 May 2015 | 4:26 PM ET
    New transparency for 401k plans

    The Supreme Court is calling for more transparency from companies managing retirement plans. John Moninger, Eaton Vance managing director, shares his reaction to the ruling.

  • Top Court: No more double-taxation in Maryland Monday, 18 May 2015 | 1:04 PM ET
    The U.S. Supreme Court building in Washington, D.C.

    The Supreme Court on Monday struck down a Maryland tax that has the effect of double-taxing income residents earned in other states.

  • Top court hands win to employees in 401(k) dispute Monday, 18 May 2015 | 11:50 AM ET
    An employee at Edison International takes electrical readings during battery testing at a electric vehicle tech center in Pomona, California

    The U.S. Supreme Court rejected an appeal limiting the number of claims concerning Edison International retirement plans.

  • WASHINGTON— The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings. The justices revived claims by current and former employees of energy company Edison International. Higher fees of just 1 percent a year would erase $70,000 from an...

  • WASHINGTON, May 18- The U.S. Supreme Court on Monday revived claims made by Edison International employees who accused the utility of favoring higher-cost mutual funds over lower-cost ones in its retirement plan. The justices, in a ruling written by Justice Stephen Breyer, said the lawsuit had been filed in a timely fashion. Glenn Tibble and other employees...

  • WASHINGTON, May 18- The U.S. Supreme Court on Monday ruled that the state of Maryland cannot force residents to pay certain local taxes without taking into account taxes paid on income earned in other states. Maryland offers a tax credit for income taxes paid by residents to other states, but the state argued the credit does not apply to certain county-level...

  • Supreme Court strikes down Maryland tax law Monday, 18 May 2015 | 10:14 AM ET

    WASHINGTON— The Supreme Court on Monday struck down as unconstitutional a Maryland tax that has the effect of double-taxing income residents earn in other states. Maryland officials say the 5-4 ruling means the loss of hundreds of millions of dollars in tax revenues. Maryland allowed its residents to deduct income taxes paid to other states from their...

  • WASHINGTON, May 18- The U.S. Supreme Court on Monday ruled that the state of Maryland cannot force residents to pay certain local taxes without taking into account taxes paid on income earned in other states.

  • WASHINGTON— The Supreme Court will consider whether an advertising agency hired to boost recruitment for the U.S. Navy is immune from a lawsuit that claims it illegally authorized thousands of unsolicited text messages. The justices said Monday they will hear an appeal from the Campbell-Ewald Company, which claims federal contractors can't be sued under...

  • WASHINGTON, May 18- The U.S. Supreme Court on Monday agreed to consider advertising agency Campbell-Ewald Co's attempt to fend off a class action lawsuit over claims the company violated a federal consumer law by sending unsolicited text messages on behalf of the U.S. Navy. The U.S. Navy messages were part of a recruitment drive. Do it in the Navy. "

  • WASHINGTON— House Democratic leader Nancy Pelosi predicted Wednesday that Republicans will "rue the day" if the Supreme Court buys their arguments and invalidates tax subsidies for millions of people under President Barack Obama's health care law. Such a ruling would present a major challenge to the GOP. Pelosi said in an interview with The Associated Press...

  • NEW YORK, May 5- The $3.7 trillion U.S. municipal bond market has been punishing New Jersey's debt, largely because of the state's underfunded pension system and growing retirement costs. On Wednesday, the state's supreme court will hear arguments about whether it was legal for Governor Chris Christie to slash $1.6 billion from New Jersey's 2015 pension...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday ruled against a Massachusetts man battling his mortgage lender over a bankruptcy plan in a case in which the Obama administration and even Bank of America Corp had backed the homeowner. On a 9-0 vote, the court said Louis Bullard, who owes community bank Blue Hills Bancorp Inc $387,000 for the mortgage on a property...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • Top court favors Barclays in $4B Lehman dispute Monday, 4 May 2015 | 9:45 AM ET

    The U.S. Supreme Court allowed Barclays to claim about $4 billion of assets as part of its purchase of much of Lehman Brothers' brokerage unit.

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis.

  • Big threat to small biz workers in Obamacare case Wednesday, 29 Apr 2015 | 9:30 AM ET
    A medical assistant administers a phenylketonuria (PKU) test to an infant at a health center in Greenbelt, Maryland.

    A pending Supreme Court case on Obamacare could seriously affect small business workers, self-employed people and their families.

  • NEW YORK, April 28- The defense attorney for a former Goldman Sachs Group Inc programmer accused of stealing the investment bank's high-frequency trading code has asked a Manhattan judge for a mistrial. The motion Sergey Aleynikov's lawyer came after Manhattan Supreme Court Justice Daniel Conviser said that two of the jurors apparently had a interpersonal...