Justices Eye ERISA Challenge to Tegna Stock in Gannett 401(k)

Jan. 5, 2021, 2:38 PM

Gannett Co. got a boost in its bid for U.S. Supreme Court review of a case challenging the Tegna Inc. stock in its 401(k) plan, when the justices asked the plan participants to respond to Gannett’s petition for review.

This move by the justices on Monday signals that someone at the court is interested in the dispute, and it increases the chances the case will be heard from 1% to 5%, according to a Bloomberg Law analysis published in 2018.

Gannett wants the court to undo a 2020 decision by the U.S. Court of Appeals for the Fourth Circuit reviving...

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