The U.S. Supreme Court returned a case over International Business Machines Corp. retirement plans to a lower court, telling it to decide whether to consider new arguments being made by company officials and the Trump administration.
The lawsuit claims IBM plan managers didn’t do enough to protect employees from stock losses stemming from a money-losing chip manufacturing unit.
IBM officials say the suing employees needed to be more specific in their lawsuit about how administrators could have shielded the plan from the stock drop.
The case is Retirement Plans Committee of IBM v. Jander, 18-1165.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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