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(Coverage in the Popular Press:) Supreme Court to Consider Investor's 401(k) Lawsuit; DOL Supporting Participant
The Washington Post; subscription may be required
Nov. 26, 2007
Excerpt: James LaRue says he lost $150,000 when his instructions to his employer on where to invest money in his retirement plan were ignored. Now the Supreme Court will decide whether a federal pension-protection law gives LaRue the right to sue to recover his losses. Arguments in the case, which has far-reaching consequences, were scheduled for Monday.... The Bush administration, siding with [the plaintiff], says an appeals court ruling against him would leave participants in 'the most common form of pension plan who have been injured by a breach of fiduciary duty without a meaningful remedy from any court.'
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