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REFILE-U.S. top court rules for bank over class action case
June 25, 2014 / 2:10 PM / 3 years ago

REFILE-U.S. top court rules for bank over class action case

(Fixes day in lead)

WASHINGTON, June 25 (Reuters) - The U.S. Supreme Court on Wednesday ruled in favor of defendant Fifth Third Bancorp over a class action lawsuit it faces for putting its own stock in employee retirement plans prior to a drop in share price.

The court ruled in favor of the bank on a 9-0 vote, sending the case back to an appeals court for further review. (Reporting by Lawrence Hurley; Editing by Howard Goller)

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