ERISA Plan Participants Ask High Court To Rule On Need To Show Financial Loss

(July 10, 2018, 10:03 AM EDT) -- WASHINGTON, D.C. — Pension plan participants who unsuccessfully sued their plan manager for allegedly committing fiduciary breaches that caused $750 million in losses to the plan filed a petition for writ of certiorari with the U.S. Supreme Court on June 22 asking the justices to decide if individual financial loss or the imminent risk thereof is necessary in order for Employee Retirement Income Security Act plan participants to seek injunctive relief and restoration of plan losses (James J. Thole, et al. v. U.S. Bank, N.A., et al., No. 17-1712, U.S. Sup.)....