Thole v. U.S. Bank N.A., 590 U.S. ___ (2020), was a United States Supreme Court case in which the Court held that participants in a defined-benefit retirement plan who are guaranteed a fixed payment each month regardless of the plan’s value or its fiduciaries' investment decisions lack Article III standing to bring a lawsuit against the fiduciaries under the Employee Retirement Income Security Act of 1974.

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