Supporting Appellee, Trade Association Seeks Affirmance Of ERISA Ruling On FTCs

Mealey's (February 23, 2023, 12:15 PM EST) -- ATLANTA — The American Council of Life Insurers (ACLI) is seeking leave to file an amicus curiae brief opposing revival of a class suit against a 401(k) plan’s service provider over foreign tax credits (FTCs), telling the 11th Circuit U.S. Court of Appeals that the appellants’ “theory would upset reasonable and settled expectations of an entire industry.”...