U.S. Supreme Court Hears Arguments On Actionable Pension Plan Losses

Mealey's (January 13, 2020, 3:49 PM EST) -- WASHINGTON, D.C. — Beneficiaries of a pension trust that allegedly lost $750 million due disloyalty and imprudence by the trustee have concrete injuries and standing to sue despite contributions that were later made by the trustee to remedy the loss, their attorney told the U.S. Supreme Court in oral arguments on Jan. 13 (James J. Thole, et al. v. U.S. Bank, N.A., et al., No. 17-1712, U.S. Sup.)....

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