Bloomberg Law is reporting that Intel is asking the US Supreme Court to take up the Ninth Circuit’s ruling that ERISA’s statute of limitations doesn’t run until the participant has actual knowledge of an ERISA violation. Intel has been challenged under ERISA for the amount of exposure participants had to private equity funds, hedge funds and commodities.
George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.