Supreme Court of the United States

Robert Montanile, Petitioner v. Board of Trustees of the National Elevator Industry Health Benefit Plan.

January 20, 2016136 S. Ct. 651

Summary

The Court held that when an ERISA-plan participant wholly dissipates a third-party settlement on nontraceable items, the plan fiduciary may not bring suit under §502(a)(3) to attach the participant’s separate assets because such recovery is a legal remedy, not equitable. Justice Ginsburg dissented, arguing that the Court should not perpetuate its prior error in Great-West.