Defined-Benefit Plan Participants Seek High Court Review Of Standing Ruling
(February 8, 2016, 12:46 PM EST) -- WASHINGTON, D.C. — A defined-benefit pension plan participant and the Pension Rights Center are asking the U.S. Supreme Court to consider whether the participant has standing to file a breach of fiduciary duty suit challenging the transfer of plan assets to a group annuity contract, regardless of loss to the participant’s benefits (Edward Pundt v. Verizon Communications, Incorporated, et al., No. 15-785, U.S. Sup.).
(Petition for a writ of certiorari available. Document #54-160210-051B. Pension Rights Center amicus brief available. Document #54-160210-052B.)