Harris Trust and Savings Bank v. Salomon Smith Barney
GPTKB entity
Statements (45)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legal case
|
| gptkbp:applicationNumber |
98-100
|
| gptkbp:caseTypes |
civil case
98-100 |
| gptkbp:citedBy |
530 U.S. 238
|
| gptkbp:controversy |
October 1999
|
| gptkbp:court |
gptkb:United_States_Supreme_Court
ruled on fiduciary obligations |
| gptkbp:date |
March 20, 2000
|
| gptkbp:decidedBy |
gptkb:Justice_John_Paul_Stevens
2000 |
| gptkbp:duration |
1 hour
|
| gptkbp:homeGround |
involves pension fund losses
|
| https://www.w3.org/2000/01/rdf-schema#label |
Harris Trust and Savings Bank v. Salomon Smith Barney
|
| gptkbp:impact |
clarified fiduciary responsibilities
redefined fiduciary responsibilities |
| gptkbp:jurisdiction |
federal jurisdiction
|
| gptkbp:legal_principle |
ERISA
fiduciary duty |
| gptkbp:legal_representation |
discusses fiduciary duties
Harris_Trust_represented_by_law_firm Salomon_Smith_Barney_represented_by_law_firm |
| gptkbp:legalStatus |
pension fund management
ERISA compliance |
| gptkbp:legislation |
Employee Retirement Income Security Act
|
| gptkbp:notableFeature |
cited in subsequent cases
affects fiduciary liability affects investment advisors critical for pension fund management dispute over investment advice examines fiduciary standards important for financial advisors important for pension fund fiduciaries involves investment strategies landmark case in fiduciary law shaped fiduciary duty interpretations |
| gptkbp:outcome |
affirmed lower court ruling
established standards for fiduciaries influenced future ERISA cases upheld fiduciary standards Supreme_Court_ruled_in_favor_of_Harris_Trust |
| gptkbp:politicalParty |
written_by_Justice_John_Paul_Stevens
|
| gptkbp:precedent |
influence on future fiduciary duty cases
|
| gptkbp:relatedPatent |
gptkb:Mertens_v._Hewitt_Associates
|
| gptkbp:significance |
impact on pension fund investments
|