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401(k) Plan Sponsors Beware: Supreme Court Rules That Participants Can Sue For Individual Account Losses |
May 9, 2008
Previously published on April 30, 2008
In three concurring opinions, the United States Supreme Court unanimously ruled that its previously heralded decision in Massachusetts Mutual Life Ins. Co. v. Russell does not prevent 401(k) plan participants from suing plan fiduciaries for individual account losses.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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