TBA Law Blog


Posted by: Brittany Sims on May 18, 2015

The Supreme Court ruled unanimously today in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings, WMC News 5 reports. The justices revived claims by current and former employees of energy company Edison International who argued that the company chose mutual funds with excessive fees. The Supreme Court disagreed with the appellate decision in an opinion by Justice Stephen Breyer. People in charge of investment options have an ongoing responsibility to monitor the situation, Breyer said. "The continuing duty to review investments includes a duty to remove imprudent investments," Breyer said. The AP has more.