{"id":197228,"date":"2008-02-21T17:30:00","date_gmt":"2008-02-21T22:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/21\/supreme-gives-401k-participants-standing-for-lawsuits\/"},"modified":"2008-02-21T17:30:00","modified_gmt":"2008-02-21T22:30:00","slug":"supreme-gives-401k-participants-standing-for-lawsuits","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/21\/supreme-gives-401k-participants-standing-for-lawsuits\/","title":{"rendered":"Supreme Gives 401(k) Participants Standing for Lawsuits"},"content":{"rendered":"<p>It was a <a href=\"http:\/\/www.nytimes.com\/aponline\/us\/AP-Scotus-Pension.html\">unanimous decision<\/a>.<\/p>\n<p>The facts of the case are that James LaRue lost $150K after his 401(k) managers ignored his orders to move his holdings to a different account.  The lower courts said that only the plan had standing, but SCOTUS said that the participants do to.<\/p>\n<p>Frankly, I&#8217;m surprised.  I would have figured that one of the court Neanderthals would have taken the side of the incompetent money managers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was a unanimous decision. The facts of the case are that James LaRue lost $150K after his 401(k) managers ignored his orders to move his holdings to a different account. The lower courts said that only the plan had standing, but SCOTUS said that the participants do to. Frankly, I&#8217;m surprised. I would have &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,972,985],"tags":[],"class_list":["post-197228","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-justice","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197228"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197228"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197228\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}