Pension Plan Tells High Court 8th Circuit Properly Found Employees Lack Standing

Mealey's (September 4, 2018, 10:49 AM EDT) -- WASHINGTON, D.C. — A pension plan sponsored by U.S. Bancorp. for its employees told the U.S. Supreme Court in an Aug. 22 response brief that an Eighth Circuit U.S. Court of Appeals panel did not err when affirming dismissal of the employees’ suit accusing the fiduciaries responsible for investment of the plan’s assets of violating the Employee Retirement Income Security Act because the plaintiffs lacked standing to bring their suit (James J. Thole, et al. v. U.S. Bank, N.A., et al., No. 17-1712, U.S. Sup.)....