ERIC Files Amicus Brief in Sulyma v. Intel Corporation Investment Policy Committee

The ERISA Industry Committee (ERIC) teamed with several other business groups to filed an amicus brief with the United States Supreme Court in the case Sulyma v. Intel Corporation Investment Policy Committee.

Intel is encouraging the U.S. Supreme Court to rule on the meaning of “actual knowledge” under ERISA and reverse the Ninth Circuit holding that a plaintiff can circumvent ERISA’s three-year statute of limitations by claiming not to have read disclosures furnished directly to him by plan fiduciaries using the means approved by the governing federal “safe harbor” regulation. This case could have a profound effect on plan sponsors as it could subject them to stale litigation over the retirement plans they offer.

Click here to read ERIC’s brief.