Amicus To 3rd Circuit: Say Hughes Abrogated Sweda As To ERISA Pleading Standard

Mealey's ( February 2, 2023, 1:54 PM EST) -- PHILADELPHIA — Weighing in on a case concerning recordkeeping fees and share classes, amicus curiae the Chamber of Commerce of the United States of America urges the Third Circuit U.S. Court of Appeals to clarify that Hughes v. Northwestern Univ. abrogated Sweda v. Univ. of Pa. “to the extent Sweda holds that [Employee Retirement Income Security Act] allegations are subject to a lower pleading standard.”...