Cigna Can’t Halt 401(k) Challenge While SCOTUS Weighs Benchmarks

Cigna Group lost its bid to pause litigation over its 401(k) plan while the US Supreme Court considers similar issues, because the case it’s facing won’t turn entirely on how the justices rule.

The Supreme Court’s ultimate ruling in Anderson v. Intel Corp. Investment Policy Committee is unlikely to dispose of all the legal theories asserted against Cigna, and its impact on the case is “too tentative and uncertain” to warrant putting the dispute on ice, Judge John M. Younge of the US District Court for the Eastern District of Pennsylvania said. Cigna is accused of offering 401(k) plan ...