U.S. Supreme Court,
Labor/Employment
Oct. 9, 2014
Justices should recognize ERISA fiduciary's continuing duties
The U.S. Supreme Court recent granted certiorari in Tibble v. Edison International to answer an important ERISA question.
Michelle L. Roberts
Partner
Kantor & Kantor, LLP
Labor & Employment
1050 Marina Village Pkwy, Ste 105
Alameda , CA 94501
Email: mroberts@kantorlaw.net
UC Berkeley Boalt Hall
Kantor & Kantor is a California-based law firm that represents insureds in ERISA-governed disability, life, health, and pension claims.
On Oct. 2, the U.S. Supreme Court granted certiorari in Tibble v. Edison International on the following question: "Whether a claim that ERISA plan fiduciaries breached their duty of prudence by offering higher-cost retail-class mutual funds to plan participants, even though identical lower-cost institution-class mutual funds were available, is barred ... when fiduciaries initially chose the higher-cost mutual funds as plan investments more than six years before the claim was filed...
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