Supreme Court Hears Arguments in ERISA Fiduciary Case

The U.S. Supreme Court heard oral arguments today in *Anderson v. Intel Corp. Investment Policy Committee*. The case examines whether pleading that an ERISA fiduciary failed to use requisite 'care, skill, prudence, or diligence' requires alleging a 'meaningful benchmark' for claims based on fund underperformance. The outcome could impact how ERISA fiduciaries are held accountable for investment decisions.