According to The New York Times, "Participants in 401(k) retirement plans can sue to recover losses when their investment instructions are ignored or the account is otherwise mishandled, the Supreme Court ruled on Wednesday." "With 70 million people holding about $3 trillion in 401(k) investments," the report explains, "the 9-to-0 decision was one of the most important rulings in years on the meaning of the federal pension law known as Erisa."
The Washington Post reports, "The Supreme Court yesterday protected the makers of medical devices that have passed the most rigorous federal review standards from lawsuits by consumers who allege that the devices caused them harm." According to the report, "The court ruled 8 to 1 against the estate of a New York man who was seriously injured when a balloon catheter manufactured by Medtronic burst during an angioplasty in 1996."
