Analysis

High Court Could Limit ERISA Suits With US Bank Decision

By Emily Brill (January 10, 2020, 10:11 PM EST) -- U.S. Bank and its retirees will go toe to toe before the U.S. Supreme Court on Monday in a case that could take away workers' ability to sue over pension plan mismanagement if they haven't personally lost retirement savings, setting the stage for a ruling that could result in more ERISA class actions getting thrown out of court.

Depending on how the justices write their opinion, the case could also affect suits outside the Employee Retirement Income Security Act litigation realm, since it may help clarify what constitutes standing to sue under Article III of the U.S. Constitution.

The justices don't...

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