|Tibble v. Edison International|
|Argued February 24, 2015|
Decided May 18, 2015
|Full case name||Glenn Tibble, et al, Petitioners v. Edison International, et al.|
|Citations|| 575 U.S. ___ ( more )|
135 S. Ct. 1823; 191 L. Ed. 2d 795
|Majority||Breyer, joined by unanimous|
|Employee Retirement Income Security Act|
Tibble v. Edison International, 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court held that "because a fiduciary normally has a continuing duty to monitor investments and remove imprudent ones, a plaintiff may allege that a fiduciary breached a duty of prudence by failing to properly monitor investments and remove imprudent ones. Such a claim is timely as long it is filed within six years of the alleged breach of continuing duty."
The Supreme Court of the United States is the highest court in the federal judiciary of the United States. Established pursuant to Article III of the U.S. Constitution in 1789, it has original jurisdiction over a small range of cases, such as suits between two or more states, and those involving ambassadors. It also has ultimate appellate jurisdiction over all federal court and state court cases that involve a point of federal constitutional or statutory law. The Court has the power of judicial review, the ability to invalidate a statute for violating a provision of the Constitution or an executive act for being unlawful. However, it may act only within the context of a case in an area of law over which it has jurisdiction. The Court may decide cases having political overtones, but it has ruled that it does not have power to decide nonjusticiable political questions. Each year it agrees to hear about 100–150 of the more than 7,000 cases that it is asked to review.
Associate Justice Stephen Breyer authored the unanimous opinion of the Court.
Associate Justice of the Supreme Court of the United States is the title of all members of the Supreme Court of the United States other than the Chief Justice of the United States. The number of associate justices is eight, as set by the Judiciary Act of 1869.
Stephen Gerald Breyer is an Associate Justice of the Supreme Court of the United States. A lawyer by occupation, he became a professor and jurist before President Bill Clinton appointed him to the Supreme Court in 1994; Breyer is generally associated with its more liberal side.
The Alien Tort Statute, also called the Alien Tort Claims Act (ATCA), is a section of the United States Code that reads: "The district courts shall have original jurisdiction of any civil action by an alien for a tort only, committed in violation of the law of nations or a treaty of the United States." Since 1980, courts have interpreted this statute to allow foreign citizens to seek remedies in U.S. courts for human-rights violations for conduct committed outside the United States.
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.
Chauffeurs, Teamsters, and Helpers Local No. 391 v. Terry, 494 U.S. 558 (1990), was a case in which the United States Supreme Court held that an action by an employee for a breach of a labor union's duty of fair representation entitled him to a jury trial under the Seventh Amendment.
Milan Dale Smith Jr. is a United States Circuit Judge of the United States Court of Appeals for the Ninth Circuit. Smith's brother, Gordon Smith, was a Republican United States Senator from Oregon from 1996 to 2009.
Legal malpractice is the term for negligence, breach of fiduciary duty, or breach of contract by a lawyer during the provision of legal services that causes harm to a client.
Canadian Aero Service Ltd v O'Malley,  SCR 592, is a leading civil case decided by the Supreme Court of Canada on corporate director and officer liability.
Vivien v. WorldCom, Inc., No. 3:02-cv-01329 established a new legal theory permitting workers to recover for losses in their 401(k) retirement plans caused by investment in their employers' stock.
United States v. Navajo Nation, 556 U.S. 287 (2009), is a United States Supreme Court case in which the Navajo Nation initiated proceedings in the Court of Federal Claims alleging that when they sought the assistance of the United States Secretary of the Interior to renegotiate their original leasing agreement with the Peabody Coal Company in 1984, a procedural process defined by the 1964 Indian Mineral Leasing Act (IMLA) of 1938, the United States Secretary of the Interior had been improperly influenced by the coal company, and as a result, had breached his fiduciary duty to the Nation when he approved the 1987 lease amendments.
Chamber of Commerce v. Whiting, 563 U.S. 582 (2011), is a decision by the Supreme Court of the United States that upheld an Arizona state law suspending or revoking business licenses of businesses that hire illegal aliens.
United States v. Mitchell, 463 U.S. 206 (1983), was a case in which the Supreme Court of the United States held that the United States is accountable in money damages for alleged breaches of trust in connection with its management of forest resources on allotted lands of the Quinault Reservation.
Gabelli v. SEC, 568 U.S. 442 (2013), was a United States Supreme Court case in which the Court ruled that the statute of limitations for filing civil penalty actions initiates when the offending act is committed or finished. The Securities and Exchange Commission filed suit against Bruce Alpert and Marc Gabelli of Gabelli Funds, LLC, alleging the firm made secret agreements with Headstart Advisers Ltd concerning Headstart's investment in a mutual fund managed by Gabelli. Headstart realized large profits at the expense of Gabelli's remaining investors, and the SEC argued that Gabelli's actions violated the Investment Advisers Act. Gabelli and Alpert sought dismissal of the case, arguing the SEC lawsuit came after the five year statute of limitations expired. In response, the SEC argued that under the discovery rule, the statute had not expired when the case was filed.
Direct Marketing Association v. Brohl, 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court held that a lawsuit by the Direct Marketing Association trade group about a Colorado law regarding reporting the state's tax requirements to customers and to the Colorado Department of Revenue is not barred by the Tax Injunction Act. While the case was reheard and found in favor of Colorado, the concurrence of Justice Anthony Kennedy provided a means for states to bring a challenge the ruling of Quill Corp. v. North Dakota, which has prevented states from collecting taxes from out-of-state vendors.
Alabama Department of Revenue v. CSX Transportation, Inc., 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court held that "the Eleventh Circuit properly concluded that CSX's competitors are an appropriate comparison class for the Railroad Revitalization and Regulation Reform Act of 1976's subsection (b)(4) claim." The Act prohibits states from imposing "another tax that discriminates against a rail carrier" and the Court found that the Eleventh Circuit "erred in refusing to consider whether Alabama could justify its decision to exempt motor carriers from its sales and use taxes through its decision to subject motor carriers to a fuel excise tax."
Harris v. Viegelahn, 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court clarified procedures for disposing wages after a debtor files for bankruptcy. In a unanimous opinion written by Justice Ruth Bader Ginsburg, the Court held that if a debtor earns money after filing Chapter 13 bankruptcy proceedings, and converts to Chapter 7 bankruptcy before the money is sent to creditors, the debtor is permitted to keep those funds.
Department of Transportation v. Association of American Railroads, 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court held "for purposes of determining the validity of the metrics and standards, Amtrak is a governmental entity."
Perez v. Mortgage Bankers Association, 575 U.S. ___ (2015), was a United States Supreme Court case in which the Court held that the D.C. Circuit's Paralyzed Veterans doctrine is contrary to a clear reading of the Administrative Procedure Act and "improperly imposes on agencies an obligation beyond the Act's maximum procedural requirements."
Puerto Rico v. Sanchez Valle, 579 U.S. ___ (2016), is a criminal case that came before the Supreme Court of the United States, which considered whether Puerto Rico and the federal government of the United States are separate sovereigns for purposes of the Double Jeopardy Clause of the US Constitution.
Salman v. United States, 580 U.S. ___ (2016), was a United States Supreme Court case in which the Court held that gifts of confidential information without any compensation to relatives for the purposes of insider trading are a violation of securities laws. The Court relied on its decision in Dirks v. Securities and Exchange Commission, 463 U.S. 646 (1983), which held that "that a tippee is exposed to liability for trading on inside information only if the tippee participates in a breach of the tipper's fiduciary duty."
Bullard v. Blue Hills Bank, 575 U.S. ___ (2015), was a United States Supreme Court case in which the court held that an order from a bankruptcy court denying a debtor's confirmation of a proposed repayment cannot be immediately appealed, as it is not a final order. The decision, in favor of Blue Hills Bank, was unanimous.
Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. ___ (2014), was a United States Supreme Court case in which the court found ESOP fiduciaries have the same prudential duties as non-ESOP fiduciaries, as set by ERISA, except that they are not required to diversify their investments beyond shares of the employer's stock.
The United States Reports are the official record of the rulings, orders, case tables, in alphabetical order both by the name of the petitioner and by the name of the respondent, and other proceedings of the Supreme Court of the United States. United States Reports, once printed and bound, are the final version of court opinions and cannot be changed. Opinions of the court in each case are prepended with a headnote prepared by the Reporter of Decisions, and any concurring or dissenting opinions are published sequentially. The Court's Publication Office oversees the binding and publication of the volumes of United States Reports, although the actual printing, binding, and publication are performed by private firms under contract with the United States Government Publishing Office.
|This article related to the Supreme Court of the United States is a stub. You can help Wikipedia by expanding it.|