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Pension plan fiduciaries get relief from Supreme Court

Outlet: 
Pensions & Investments
Date Published: 
Monday, June 15, 2020

Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.

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