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The Future is Now: SCOTUS and Putnam Investments, LLC v. Brotherston
The Prudent Investment Fiduciary Rules 
Sept. 9, 2019 "[At issue in the case is whether] an ERISA plaintiff bears the burden of proving that 'losses to the plan result[ed] from' a fiduciary breach ... or whether ERISA defendants bear the burden of disproving loss causation ... [T]he ultimate decision in this case could have a significant impact on the future of the 401(k) industry and the ability of plan participants to have a meaningful opportunity to work towards their goal of 'retirement readiness.' " [Putnam Investments, LLC v. Brotherston, No. 17-1711 (1st Cir. Oct. 15, 2018; cert. pet. filed Jan. 11, 2019, No. 18-926)] MORE >> |
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