High Court To Mull Available Remedies Under ERISA

Law360, New York (July 24, 2007, 12:00 AM EDT) -- On June 18, 2007, the U.S. Supreme Court granted certiorari in the case of LaRue v. DeWolff, Boberg & Associates Inc., Number 06 Civ. 856, thereby agreeing to consider hotly contested issues surrounding the scope of relief available to 401(k) plan participants under the Employee Retirement Income Security Act of 1974.

Depending on the path chosen, the Supreme Court may resolve the issue of whether such participants can obtain monetary relief for investment losses under Section 502(a)(2) of ERISA, which governs claims for fiduciary breach on...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.