Partner Mike Abbott Discusses Tibble v. Edison Ruling with the Houston Chronicle

21 May 2015 News

On May 21, the Houston Chronicle spoke with Gardere Partner Michael A. Abbott about a recent U.S. Supreme Court ruling that will expand the rights for employees to sue over 401(k) plans.

According to Mr. Abbott, the decision in Tibble v. Edison emphasizes that fees do not n’t affect the amount of retirement money promised in a pension, but they do directly impact 401(k) accounts. Thus, Mr. Abbott encourages employees to be proactive with their savings. "As a participant, you need to take responsibility for your own retirement investments and make sure that your 401(k) fiduciaries are periodically monitoring the investments that are being offered," he said.

Subscribers can access the full article here.

Related Services


Botnet Infecting Content Management Systems (CMSes) of 100,000’s Websites!
27 October 2020
Internet, IT & e-Discovery Blog
Charitable Planning in the Midst of Uncertainty
27 October 2020
2020 Election Resource Center
Managing Warranty Disputes in the Age of COVID-19
27 October 2020
Coronavirus Resource Center:Back to Business
Podcast Episode 19: Stephen Jones, Associate
27 October 2020
Foley Career Perspectives