"On March 28, 2025, [two] district courts ... reached opposite conclusions on the same day when considering the same issue: Whether participants in defined benefit plans have standing to sue plan fiduciaries where those fiduciaries transferred pension plans to private annuities through a process known as 'pension risk transfer' (PRT). While many practitioners ... representing plan fiduciaries have considered standing for participants in funded defined benefit plans a clear win following the Supreme Court's decision in Thole, the Konya court casts that certainty in doubt." [Konya v. Lockheed Martin Corp., No. 24-0750 (D. Md. Mar. 28, 2025; on appeal to 4th Cir. No. 25-2061); Camire v. Alcoa U.S.A. Corp., No. 24-1062 (D.D.C. Mar. 28, 2025)]  MORE >>