U.S. urges review of investment cases

With the support of the Justice Department, two new cases on investment law are more likely to be reviewed by the Supreme Court: one on the right of investors to sue for false stock registration statements, and one on the duty of employee benefit plan managers to get rid of questionable items in plan portfolios. Asked by the Court for the government’s views, the Solicitor General urged the Court to rule on both. he Court’s docket indicates that the Justices will consider whether to grant the petitions in Moores v. Hildes, the registration statement case, and Tibble v. Edison International, the benefit plan case, at their September 29 Conference. The government’s brief in Moores is here, while its brief in Tibble is here. More on SCOTUSBlog here.