Justices Eye Another ERISA Case, Signal Interest in Penn Dispute

The U.S. Supreme Court on Monday signaled its interest in a lawsuit over the University of Pennsylvania’s retirement plan by asking university employees to respond to the school’s petition for review.

A “call for response” from the justices indicates someone at the high court is interested in the case, and it increases the chances the case will be heard from 1% to 5%, according to a Bloomberg Law analysis spanning 2010 to 2018.

Penn’s petition asks the justices to correct errors in how the U.S. Court of Appeals for the Third Circuit handles allegations of fiduciary breach under the Employee ...