In a 5-4 decision, the Supreme Court holds that ERISA section 502(a)(3) does not authorize a suit by a fiduciary to enforce a plan"s reimbursement provision against a participant for amounts recovered by the participant against a tortfeasor, reasoning that such relief is not 'equitable" relief within the meaning of that section. The majority opinion characterizes the claim as legal in nature, imposing personal liability on the participant, rather than an equitable recovery of particular funds. [Great West Life Ins. & Annuity Co. v. Knudson, No. 99-1786 (S. Ct. Jan. 8, 2002)]  MORE >>