ERISA Litigation Reform Act strengthens pleading standards for certain claims under the Employee Retirement Income Security Act of 1974.
The ERISA Litigation Reform Act amends the Employee Retirement Income Security Act of 1974 to enhance the burden of proof for plaintiffs in civil actions alleging fiduciary violations. Specifically, it requires plaintiffs to plausibly allege and prove that certain transactions are not exempt under specified sections. The bill also mandates that parties treat documents relevant to the allegations as if they were subject to a continuing request for production of documents.
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