HARRIS TRUST AND SAV. BANK v. SALOMON SMITH BARNEY INC.

No. 99-579.

530 U.S. 238 (2000)

HARRIS TRUST AND SAVINGS BANK, as trustee FOR THE AMERITECH PENSION TRUST, et al. v. SALOMON SMITH BARNEY INC. et al.

United States Supreme Court.

Decided June 12, 2000.


Attorney(s) appearing for the Case

Robert A. Long, Jr., argued the cause for petitioners. With him on the briefs were John M. Vine, Michael R. Bergmann, and Charles C. Jackson.

Beth S. Brinkmann argued the cause for the United States as amicus curiae urging reversal. With her on the brief were Solicitor General Waxman, Deputy Solicitor General Kneedler, Henry L. Solano, Allen H. Feldman, Nathaniel I. Spiller, and Elizabeth Hopkins.

Peter C. Hein argued the cause for respondents. With him on the brief were Andrew C. Houston, William F. Conlon, and Richard B. Kapnick.*

Thomas, J., delivered the opinion for a unanimous Court.


Justice Thomas, delivered the opinion of the Court.

Section 406(a) of the Employee Retirement Income Security Act of 1974 (ERISA), 88 Stat. 879, bars a fiduciary of an employee benefit plan from causing the plan to engage in certain transactions with a "party in interest." 29 U. S. C. § 1106(a). Section 502(a)(3) authorizes a "participant, beneficiary, or fiduciary" of a plan to bring a civil action to obtain "appropriate equitable relief" to redress violations...

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