Retirement Plan Administrator Seeks High Court Review Of CAFA Mass Action Exception

Mealey's (December 15, 2022, 7:58 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court should take up an appeal in a dispute over a retirement plan to resolve a circuit split concerning the interpretation of “an event or occurrence” in the “local single event” exception to mass actions under the Class Action Fairness Act (CAFA), the plan’s former actuary and administrative firm argues....