When the Supreme Court hears arguments in Tibble vs. Edison International this winter, it will consider a case with the potential of redefining the Employee Retirement Income Security Act's six-year statute of limitations.
It is a considerably stripped down iteration of the lawsuit that started it all.
Many of the fiduciary-duty claims against Edison – 25 were listed in the plaintiffs' amended complaint – related to the poor performance of actively managed funds selected by Edison's fiduciaries. Others related to revenue-sharing agreements with Edison's record keeper, Hewitt Associates.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
