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 courts decision. The Supreme Court refused to accept the plaintiffs appeal, ending eight years of litigation.
The U.S. Supreme Court yesterday let stand a federal appeals court...
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