Joanne Roskey Quoted on Upcoming ERISA Supreme Court Case in Bloomberg Law
Subtitle
"Circuit 'Crash' Over Benefit Plan Conflicts Cues High Court Look"
Bloomberg Law
Joanne Roskey, former Deputy Associate Solicitor at the U.S. Department of Labor (DOL) and former Chief of the Division of Health Investigations in DOL's Employee Benefits Security Administration (EBSA), was quoted on the importance of an upcoming Supreme Court case regarding conflicts of interest in employer-sponsored benefit plans, following the Second Circuit's dismissal of claims from Cornell University workers over their 403(b) plan. This case not only addresses the specific allegations of prohibited transactions but also delves into the broader legal interpretations of ERISA. The Supreme Court's involvement highlights the legal complexities surrounding prohibited transaction claims, with significant implications for employers facing litigation over excessive fees. Roskey noted the importance of the case, saying, "It will be interesting whether this court, which is so focused on textual interpretations of federal statutes, will follow that interpretative path or if they're going to take the narrower view and read into intent."