Would the Supreme Court rather stand by its strict standing doctrine than hold fiduciaries accountable for gambling Grandma’s retirement gains away? It seems the answer is yes. In its June 2020 decision, Thole v. U.S. Bank, the Court held that beneficiaries of a defined-benefit retirement plan lack Article III standing to bring a claim for breach of fiduciary duty, even when improper investment by the plan’s asset managers results in underfunding. In other words, yes: fiduciaries of retirement plans are … Continue reading Thole, Trusts, and Standing Discussed