When the Supreme Court hears arguments in Tibble vs. Edison International this winter, it will consider a case with the potential of redefining the Employee Retirement Income Security Act's six-year statute of limitations.
It is a considerably stripped down iteration of the lawsuit that started it all.
Many of the fiduciary-duty claims against Edison – 25 were listed in the plaintiffs' amended complaint – related to the poor performance of actively managed funds selected by Edison's fiduciaries. Others related to revenue-sharing agreements with Edison's record keeper, Hewitt Associates.
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