Supreme Court Addresses the Remedies Available for Fiduciary Breach Under ERISA

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For the past 20 years, federal appeals courts have disagreed on whether participants in ERISA-governed individual account pension plans, such as 401(k) plans, may sue fiduciaries who cause losses to their accounts under those plans. The U.S. Supreme Court has now held that these claims are indeed viable under ERISA. The Court?s unanimous holding in LaRue v. DeWolff, Boberg & Associates has opened the door to a new category of ERISA lawsuits.

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