{"id":4567,"date":"2008-02-20T15:40:10","date_gmt":"2008-02-20T15:40:10","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/02\/us_supreme_court_decides_that_1"},"modified":"2021-09-20T15:40:53","modified_gmt":"2021-09-20T20:40:53","slug":"us-supreme-court-decides-that-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-supreme-court-decides-that-1\/","title":{"rendered":"U.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA"},"content":{"rendered":"

\t\t\t\tWASHINGTON – The Supreme Court ruled unanimously today that individual participants in 401(k) retirement plans can sue to recover their loses under the federal pension protection law.<\/p>\n

Over 50 million workers in the U.S. have a total of $2.7 trillion invested into 401(k) retirement plans which are governed by the Employee Retirement Income Security Act (ERISA). Yet, as has recently been the unfortunate fate in court of other investors, judges have ruled against 401(k) participants who seek to recover under the very pension law written to protect them.<\/p>\n

James LaRue of Southlake, Texas, filed such a claim stating that the value of his 401(k) plan fell $150,000 when the plan’s administrators failed to follow his instructions to switch to safer investments. Yet, attorneys for the plan administrator claimed the law only allows recovery of losses to the “plan,” not losses of an individual participant in the plan. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON – The Supreme Court ruled unanimously today that individual participants in 401(k) retirement plans can sue to recover their loses under the federal pension protection law. Over 50 million workers in the U.S. have a total of $2.7 trillion invested into 401(k) retirement plans which are governed by the Employee Retirement Income Security Act […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3745],"tags":[],"class_list":["post-4567","post","type-post","status-publish","format-standard","hentry","category-retirement-funds"],"yoast_head":"\nU.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA — Investor Lawyers Blog — February 20, 2008<\/title>\n<meta name=\"description\" content=\"WASHINGTON - The Supreme Court ruled unanimously today that individual participants in 401(k) retirement plans can sue to recover their loses under the — February 20, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/us-supreme-court-decides-that-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"U.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA — Investor Lawyers Blog — February 20, 2008\" \/>\n<meta name=\"twitter:description\" content=\"WASHINGTON - The Supreme Court ruled unanimously today that individual participants in 401(k) retirement plans can sue to recover their loses under the — February 20, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA — Investor Lawyers Blog — February 20, 2008","description":"WASHINGTON - The Supreme Court ruled unanimously today that individual participants in 401(k) retirement plans can sue to recover their loses under the — February 20, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/us-supreme-court-decides-that-1\/","twitter_card":"summary_large_image","twitter_title":"U.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA — Investor Lawyers Blog — February 20, 2008","twitter_description":"WASHINGTON - 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