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: Northwest Business Litigation Blog

Plan participants can sue to recover investment losses, U.S. Supreme Court holds

By John Walch

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The U.S. Supreme Court unanimously decided yesterday that ERISA retirement plan participants can sue plan fiduciaries for losses to their individual accounts caused by alleged fiduciary breaches. In LaRue v. DeWolff, Boberg & Associates, Inc., the plaintiff alleged that the plan fiduciary had not carried out his investment directions properly, causing $150,000 in losses.  ERISA allows participants to bring actions against plan fiduciaries for breaches of the fiduciary's duties, but pre read more

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Full post as published by Northwest Business Litigation Blog on February 21, 2008 (boomark / email).

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