Hughes v. Northwestern University
Holding
Determining whether plan participants state plausible claims against plan fiduciaries for violations of the Employee Retirement Income Security Act's duty of prudence requires a context-specific inquiry of the fiduciaries' continuing duty to monitor investments and to remove imprudent ones as articulated in Tibble v. Edison International, 575 U.S. 523; the U.S. Court of Appeals for the 7th Circuit erred in relying on the participants' ultimate choice over their investments to excuse allegedly imprudent decisions by respondents.
Judgment
Vacated and Remanded, 8-0, in an opinion by Sonia Sotomayor on Jan 24, 2022. Justice Barrett took no part in the consideration or decision of this case.
Recommended Citation: Hughes v. Northwestern University, SCOTUSblog, https://www.scotusblog.com/cases/hughes-v-northwestern-university/