The Supreme Court Decision in Tibble vs. Edison Is a Game-Changer

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...