A victory for the plaintiffs in the U.S. Supreme Court review of Tibble vs. Edison International has the potential to open the floodgates to new claims against plan sponsors.
Perhaps more dramatically, it could also upend the type of investments offered to 401(k) participants.
"The stakes in this case could not be any larger," said Marcia Wagner, principal of the Wagner Law Group, a Boston-based law practice that specializes in the Employee Retirement Income Security Act.
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