The U.S. Supreme Court yesterday let stand a federal appeals court...

The U.S. Supreme Court yesterday let stand a federal appeals court decision that Unisys Corp., Blue Bell, Pa., did not breach its fiduciary duties under federal pension law when it bought more than $200 million in GICs from Executive Life Insurance, which went belly up in 1991. The 3rd U.S. Circuit Court of Appeals ruled earlier this year in a 2-1 decision, upholding a lower federal court’s decision. The Supreme Court refused to accept the plaintiff’s appeal, ending eight years of litigation.