Tibble case puts focus on fiduciaries’ ongoing duties

Description

Abstract: Earlier this year, the U.S. Supreme Court clarified the ongoing duty of retirement plan fiduciaries to monitor plan investments. Tibble v. Edison International has been percolating through the federal court system since 2007. The article reviews the case’s focus on the timing of lawsuits against plan fiduciaries for breaches of their fiduciary duty. Tibble v. Edison International, 135 S.Ct. 1823 (U.S. 2015); 29 U.S.C. § 1113