SunTrust Banks Inc. has won a partial victory in a long-running lawsuit related to its offering of employer stock in a retirement plan. The suit was filed by SunTrust employees and, according to a report in Plansponsor.com, is one among a handful of lawsuits winning reconsideration after a landmark 2014 U.S. Supreme Court ruling, Fifth-Third Bancorp vs. Dudenhoeffer. SunTrust Bank won summary judgment and dismissal on certain claims while seeing other plaintiffs’ claims certified as a class action,…
Reported by bizjournals 9 minutes ago.
↧