Defendants Win Summary Judgment In ERISA Duties Row Under Thole

Mealey's (August 19, 2022, 4:18 PM EDT) -- LOS ANGELES — Ruling that under Thole v. U.S. Bank N.A., the plaintiffs lack standing due to not suffering an injury-in-fact “[b]ecause the Plan is a defined benefit plan and is not at risk of default,” a California federal judge on Aug. 18 granted the defendants’ motion for summary judgment in an Employee Retirement Income Security class action over alleged plan mismanagement....