- Court: United States Supreme Court
- Area(s) of Law: Standing
- Date Filed: June 1, 2020
- Case #: 17-1712
- Judge(s)/Court Below: KAVANAUGH, J., delivered the opinion of the Court, in which ROBERTS, C. J., and THOMAS, ALITO, and GORSUCH, JJ., joined. THOMAS, J., filed a concurring opinion, in which GORSUCH, J., joined. SOTOMAYOR, J., filed a dissenting opinion, in which GINSBURG, BREYER, and KAGAN, JJ., joined
- Full Text Opinion
Petitioners are two retired and fully paid-up participants in a defined-benefit retirement plan with Respondents. This plan provides fixed monthly payments notwithstanding any change in the value of the plan. Petitioners, under the Employee Retirement Income Security Act of 1974 (ERISA), filed a class-action suit against Respondents claiming they violated their duties of loyalty and prudence as outlined in ERSIA. The district court dismissed the case because the Petitioners lacked standing, and the Eighth Circuit affirmed. The Supreme Court upheld the decisions of the lower courts because the Petitioners would receive payments regardless if they won or not, thus the harm prong of standing was not met. Therefore, the Court held that Petitioner's lacked standing. AFFIRMED