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.