Whether the 5-4 Supreme Court decision in Thole vs. U.S. Bank on June 1 is “good news” for employers and will limit lawsuits by defined benefit participants, as some commentators have forecast, remains to be seen. From the perspective of advising fiduciaries how to discharge their responsibilities and avoid litigation, however, what the majority opinion means in practice should not be overlooked. Jeffrey Mamorsky and Jonathan Sulds delve into this issue in their column for Pensions & Investments.