High Court To Hear Retirees' Challenge To US Bank ERISA Win

Law360 (June 28, 2019, 12:06 PM EDT) -- The U.S. Supreme Court on Friday added a third ERISA case to its docket for next term, agreeing to wade into a battle between retirees and U.S. Bank that hinges on whether workers can sue over the mismanagement of their retirement savings when their pension plan is fully funded.

The Supreme Court's decision to grant U.S. Bank retirees James Thole and Sherry Smith's petition for review gives the justices a chance to resolve a circuit split.  

The Eighth Circuit went against the Second, Third and Sixth circuits in October 2017 when it ruled that workers can't sue fully funded pension plans for...

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