Emily Heck

2 weeks ago | jdsupra.com | Brian Benjet |Jonathan Rose |Emily Heck

The US Supreme Court has issued a unanimous opinion that could lead to an increase in litigation for prohibited transaction claims under the Employee Retirement Income Security Act of 1974, as amended (ERISA). Case backgroundThe decision in Cunningham v. Cornell University, which came on April 17, 2025, revived a class action in which Cornell University employees alleged that Cornell’s retirement plan paid unreasonable recordkeeping fees.