July 8, 2019 / 2:37 PM / 10 days ago

Case to Watch: Putnam wants high court to rule on 401(k) plan lawsuit

The U.S. Supreme Court is expected to decide in the coming months whether to weigh in on a lawsuit against Putnam Investments over its employee retirement plan, a case that could influence the outcome of a flood of lawsuits across the country against retirement plan managers.

Putnam has asked the court to review a crucial question of so-called loss causation, namely whether plaintiffs have the burden of proving that a defined contribution plan manager caused losses to the plan or whether the burden is on the defendant to prove it did not cause a loss.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2XxUK8B

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