04/28/2026
R. Joseph Barton of The Barton Firm LLP, along with Matt Wessler of Gupta Wessler LLP and Bailey Glasser LLP have filed the opening brief at the Supreme Court challenging the Intel fiduciaries' decision to to adopt—and then maintain for years—an investment strategy that allocated billions of dollars of the assets of two defined contribution plans—a 401k plan and a profit sharing plan to poorly performing and costly investments—primarily hedge funds and private equity. Argument is not set but is expected in the fall.
Former Intel employees urged the U.S. Supreme Court to revive their suit alleging their employee 401(k) savings were dragged down by underperforming investments, arguing the Ninth Circuit's requirement that allegations of subpar funds also include a meaningful benchmark for comparison didn't align w...