Jenner & Block

Client Advisory: The Supreme Court Permits Individual Cause of Action in LaRue V. DeWolff

In this Client Advisory, Partner Matthew J. Renaud and Associates Adrienne Detanico and Matthew A. Russell summarize LaRue v. DeWolff, Boberg & Associates, Inc., and the unnanimous ruling by The Supreme Court that Section 502(a)(2) of the Employee Retirement Income Security Act of 1974 (ERISA) does not provide a remedy for individual injuries that are distinct from plan injuries, it does authorize recovery for fiduciary breaches that impair the value of plan assets in a participant’s individual account. The authors also discuss the important ramifications of the Court’s decision.