Supreme Court with line of tourists waiting to get in That the Trump administration's SolicitorGeneral has come down clearly on the side of participants speaks tothe strength of their case, said Cohen Milstein partner MichelleYau, a lead attorney for the plaintiffs. (Photo: AP)

Does the Employee Retirement Income Security Act allowparticipants in a defined benefit pension plan to sue sponsors formismanagement of assets even when a plan is fully funded?

The Trump administration's Solicitor General, Noel Francisco,and the Labor Department's top lawyers say the answer isunambiguous: ERISA absolutely does.

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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.