DOL To 2nd Circuit: Disregard 2023 Amicus Brief In ERISA ‘Would Have’ Appeal

( January 2, 2026, 12:39 PM EST) -- NEW YORK — Roughly 15 months after oral argument in an appeal involving whether the “could have” standard used in damages instructions is grounds for overturning judgment in an Employee Retirement Income Security Act class action that went before a jury, the U.S. Department of Labor (DOL) told the Second Circuit U.S. Court of Appeals it wants to withdraw an amicus curiae brief it filed during the Biden administration because the agency “has reconsidered its position on shifting the burden on loss causation for claims alleging a breach of fiduciary duty.”...