On February 20, 2008, the United States Supreme Court ruled that individuals who participate in an employee benefit plan have the right to sue the employer and other plan fiduciaries for breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA). Previously, federal appeals courts were split on this issue, with some holding that fiduciary duty lawsuits could only be filed on behalf of the plan and not on behalf of individual participants.

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