Tibble v. Edison International
Published on:
January 23, 2015
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Supreme Court
Amicus Issue:
Whether a claim that ERISA plan fiduciaries breached their duty of prudence by offering higher-cost retail-class mutual funds to plan participants, even though identical lower-cost institution-class mutual funds were available, is barred by 29 U.S.C. § 1113(1) when fiduciaries initially chose the higher-cost mutual funds as plan investments more than six years before the claim was filed.
Counsel of Record:
Goodwin Procter LLP
Abigail K. Hemani
William M. Jay
James O. Fleckner
Alison V. Douglass
Jaime A. Santos
Other Amici:
None.