Hughes v. Northwestern University
U.S. Supreme Court · decided January 24, 2022 · Supreme Court Database (Spaeth)
- Decided
- January 24, 2022
- Term
- October Term 2021
- Vote
- 8–0
- Majority author
- Justice Sotomayor
- Issue area
- Economic Activity
- Disposition
- Vacated and remanded
- Outcome
- Petitioning party won
- Ideological direction
- Liberal
Opinion excerpt
(Slip Opinion) OCTOBER TERM, 2021 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321 , 337. SUPREME COURT OF THE UNITED STATES Syllabus HUGHES ET AL. v. NORTHWESTERN UNIVERSITY ET AL. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE SEVENTH CIRCUIT No. 19–1401. Argued December 6, 2021—Decided January 24, 2022 Respondents administer retirement plans on behalf of current and for- mer Northwestern University employees, including petitioners here. The plans are defined-contribution plans governed by the Employee Retirement Income Security Act of 1974 (ERISA), under which each participant chooses an individual investment mix from a menu of op- tions selected by the plan administrators. Petitioners sued respond- ents claiming that respondents violated ERISA’s duty of prudence re- quired of all plan fiduciaries by: (1) failing to monitor and control recordkeeping fees, resulting in unreasonably high costs to plan par- ticipants; (2) offering mutual funds and annuities in the form of “retail” share classes that carried higher fees than those charged by…
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