On May 18, the United States Supreme Court issued its decision in Tibble v. Edison International. On its face, the court's holding is unremarkable. In a rare 9-0 decision, it ruled that plan sponsors have a continuing duty to review investments in retirement plans and to decide whether or not to keep or sell them. The lower courts (the Ninth Circuit Court of Appeals and a federal District Court) previously held that, because some of the funds at issue were put into the plan in 1999, claims relat...
The Supreme Court Decision in Tibble vs. Edison Is a Game-Changer
The Huffington Post - 26 May 2015 23:32
On May 18, the United States Supreme Court issued its decision in Tibble v. Edison International. On its face, the court's holding is unremarkable. In a rare 9-0 decision, it ruled that plan sponsors have a continuing duty to review investments in retirement plans and to decide whether or not to keep or sell them. The lower courts (the Ninth Circuit Court of Appeals and a federal District Court) previously held that, because some of the funds at issue were put into the plan in 1999, claims relat...
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