PricewaterhouseCoopers to Take Pension Fight to Supreme Court

PricewaterhouseCoopers LLP will ask the U.S. Supreme Court to review a Second Circuit decision reviving a class action by retirees seeking higher pension benefits, the company said Tuesday.

PwC asked the Second Circuit to delay enforcement of its December 2019 decision so that the company can file a petition for review with the Supreme Court. The decision conflicts with Supreme Court precedent under the Employee Retirement Income Security Act and there is a “reasonable probability” that the justices will take the case, PwC said.

The accounting firm challenges a decision in which the Second Circuit held for the first time ...