The U.S. Supreme Court will use a case involving IBM to consider making it harder for workers to sue when their retirement plans lose money because the employer's stock price falls.
The justices said they will scrutinize a lawsuit that claims IBM plan managers didn't do enough to protect employees from stock losses stemming from a money-losing chip manufacturing unit. The company agreed in 2014 to pay GlobalFoundries Inc. $1.5 billion to take the unit, triggering a $12.95 one-day drop in IBM shares.
A New York-based federal appeals court let the lawsuit go forward.
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