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Supreme Court to decide whether employees can sue over 401(k) losses
Supreme Court to decide whether employees can sue over 401(k) losses

WASHINGTON — The U.S. Supreme Court said Friday that it would decide whether employees who suffer big losses in retirement accounts can sue their company if it encouraged them to invest in the company's shaky stock. The justices will try to clarify who is legally responsible for investment losses in an era when most workers manage their own retirement accounts but do it through a plan sponsored by their employer. Federal law says that administrators of an employee retirement fund have a duty to act as "prudent" trustees. But it has been unclear whether they can be held liable if workers lose much of their money because they invested unwisely. In this particular case,...

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