U.S. High Court Reverses 2nd Circuit On ERISA Prohibited Transaction Claims

( April 17, 2025, 12:29 PM EDT) -- WASHINGTON, D.C. — Issuing a unanimous reversal and accompanying concurrence in a dispute concerning what is necessary to state an Employee Retirement Income Security Act prohibited transaction claim involving a service provider, the U.S. Supreme Court on April 17 ruled that a certain exemption is not a claim element that a plaintiff must negate but rather an affirmative defense for which the burden falls on the defendant....