Law360, New York (May 18, 2015, 7:28 PM EDT) -- On Monday, the Supreme Court vacated a Ninth Circuit ruling that Edison International workers' Employee Retirement Income Security Act claims against the company over allegedly imprudent 401(k) plan investments were time-barred. Here, attorneys tell Law360 why the decision in Tibble v. Edison International is significant.
Eric D. Altholz, Verrill Dana LLP
“Fiduciary compliance best practices have changed quite a lot since the Tibble case was commenced in 2007. These days, well-advised fiduciaries take great care in selecting plan investments and they regularly monitor investment fees on an ongoing basis. So the Supreme Court’s decision may not have far-reaching effects when it comes...
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