Stern et al. v. JPMorgan Chase

ON 25 CV 02097 - 2 - 1. Congress enacted ERISA in the wake of several high-profile scandals involving employers that mismanaged their employee benefits programs. This mismanagement inflicted millions of dollars of harm on employees and their dependents. ERISA was designed to put an end to this mismanagement and protect employee benefit plan participants from their employers’ waste and misconduct. It does so by “establishing standards of conduct, responsibility, and obligation for fiduciari