Case Updates
Eighth Circuit affirms that defendant did not violate ERISA by periodically resetting the credit rating for its product
September 02, 2022
Click here to view the opinion.
U.S. Chamber files amicus brief in ERISA case
September 16, 2021
The U.S. Chamber’s coalition amicus brief urged the Eighth Circuit to hold that defendant did not violate ERISA by exercising its contractual right to periodically reset the crediting rate for its fixed income product, because Principal’s rate-setting process reasonably accounted for the risks and costs of the product and resulted in a desirable, competitive product for participants. Nancy G. Ross, Michael A. Scodro, and Jed W. Glickstein of Mayer Brown LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.
The U.S. Chamber previously filed a coalition brief in the Eighth Circuit at an earlier stage of this case.
Case Documents
- District Court Opinion and Order -- Rozo v. Principal Life Insurance Co. (S.D. Iowa).pdf
- U.S. Chamber Coalition Amicus Brief -- Rozo v. Principal Life Insurance Co. (Eighth Circuit).pdf
- Opinion -- Rozo v. Principal Life Insurance Co. (Eighth Circuit).pdf