Financial Investors Can't Recommend Bad Investments

Hughes v. Northwestern University, 19-1401. In an 8–0 decision, the Court held—in a case under the Employee Retirement Income Security Act of 1974 (ERISA)—that a plan fiduciary’s fulfillment of its obligation to provide a diverse array of investment options does not shield it from liability for failing to remove imprudent investment options from the menu of options.

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