June 10, 2019 / 1:43 PM / a year ago

U.S. Supreme Court to hear Intel retirement fund dispute

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court on Monday agreed to hear Intel Corp's bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars.

The justices will take up Intel's appeal of a lower court ruling that revived the proposed class action lawsuit, initiated by a former employee in 2015, after a judge earlier agreed with the technology company that the litigation was filed too late.

Reporting by Andrew Chung; Editing by Will Dunham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below