The U.S. Solicitor General has filed a brief to the Supreme Court in support of plaintiffs' claims in Tibble vs. Edison International.

The case, which the Supreme Court is scheduled to hear and rule on by the beginning of next summer, hinges on the timeliness of claims relative to ERISA's statue of limitations.

Plaintiffs originally claimed Edison breached its fiduciary obligation to 401(k) participants by offering more expensive retail-class shares of six mutual funds, when cheaper institutional shares were available.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.