Thole v. U. S. Bank N. A., 590 U.S. ___ (2020), was a United States Supreme Court case in which the Court held that participants in a defined-benefit retirement plan who are guaranteed a fixed payment each month regardless of the plan’s value or its fiduciaries' investment decisions lack Article III standing to bring a lawsuit against the fiduciaries under the Employee Retirement Income Security Act of 1974.[1][2]
Thole v. U. S. Bank N. A. | |
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Decided June 1, 2020 | |
Full case name | Thole v. U. S. Bank N. A. |
Docket no. | 17-1712 |
Citations | 590 U.S. ___ (more) |
Holding | |
Participants in a defined-benefit retirement plan who are guaranteed a fixed payment each month regardless of the plan’s value or its fiduciaries' investment decisions lack Article III standing to bring a lawsuit against the fiduciaries under the Employee Retirement Income Security Act of 1974. | |
Court membership | |
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Case opinions | |
Majority | Kavanaugh |
Dissent | Sotomayor, joined by Ginsburg, Breyer, Kagan |
Laws applied | |
Employee Retirement Income Security Act of 1974 |