The 9th Circuit Court of Appeals affirmed a district court decision in a case where a class of employees alleged their pension fund was mismanaged. The lower district court was determined to have correctly used the six-year statute of limitations under the act, instead of a continuing violations theory. But because the beneficiaries did not have actual knowledge of conduct involving retail mutual funds, the three year statute of limitations under the Act was determined not to apply. Tibble v. Edison International (9th Cir. 10-56406 3/21/13)
Disclaimer: Our blog uses recent cases involving employment law issues. Our office does not represent parties in these cases. The cases are used for information purposes only, and should not be referred on for advice.