Certainty Sought From Justices in Northwestern Retirement Fight

Benefits attorneys are hoping a Supreme Court ruling in a case against Northwestern University will restore certainty on what employees must show to plausibly allege their retirement plans are being charged excessive fees.

The justices agreed last week to hear the long-running fight in their next term starting in October. It’s a case that could either stamp out disputes over plan mismanagement or spark a whole new wave of challenges, attorneys say.

“If the court lays out a pleading standard that’s a little more gray or allows a little more wiggle room in terms of what’s a plausible allegation, you’re ...