Amgen, Inc. v. Harris
- Case Date: 10/5/2015
- Project Name: Civil Justice Reform
On January 25, 2016, the U.S. Supreme Court issued a unanimous, four-page opinion summarily reversing the U.S. Court of Appeals for the Ninth Circuit’s deeply flawed decision in a case brought under the Employee Retirement Income Security Act (ERISA). The Court held that the appeals court applied the wrong pleading standard and thus “failed to properly evaluate the complaint.” The ruling marked a victory for WLF, which filed a brief in the case arguing that the Ninth Circuit misconstrued the new heightened ERISA pleading standard announced by the Supreme Court in Fifth Third Bancorp v. Dudenhoeffer in 2014. The Supreme Court—which had remanded the Amgen case to the Ninth Circuit for reconsideration in the wake of the Fifth Third ruling—agreed. As WLF’s brief pointed out, an allegation that a prudent fiduciary might have reached a contrary conclusion from petitioners is legally insufficient to state a claim.
More Information and Downloads:
|10/5/2015: Download the Brief|