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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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Published In: Civil Remedies Updates, Labor & Employment Law Updates, Securities Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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