State Street Bank and Trust Co. v. Pfeil

Petition for certiorari denied on December 3, 2012
Docket No. Op. Below Argument Opinion Vote Author Term
12-256 6th Cir. N/A N/A N/A N/A OT 2012
 
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Issue: (1) Whether Employee Retirement Income Security Act (ERISA) Section 404(c) provides a fiduciary of an otherwise qualified plan a defense to liability against an imprudent investment claim when the participant’s control over the investment is the proximate cause of the loss; and (2) whether liability under ERISA Section 409(a) for a breach of fiduciary duty claim requires that the breach constitute the proximate cause of the loss.

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