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Cunningham et al. v. Cornell University et al., Docket No. 23–1007
The Court held that to state a claim under ERISA section 1106(a)(1)(C), a plaintiff need only plausibly allege the elements contained in that provision itself, without addressing potential section 1108 exemptions. The Court reversed the Second Circuit's decision that required plaintiffs to also plead that a transaction was unnecessary or involved unreasonable compensation.
music for the podcast provided by Dimitry Taras
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By 9robes.aiThe Court held that to state a claim under ERISA section 1106(a)(1)(C), a plaintiff need only plausibly allege the elements contained in that provision itself, without addressing potential section 1108 exemptions. The Court reversed the Second Circuit's decision that required plaintiffs to also plead that a transaction was unnecessary or involved unreasonable compensation.
music for the podcast provided by Dimitry Taras