Pa. Federal Magistrate Recommends Dismissing Pension Risk Transfer Case

( October 9, 2025, 12:00 PM EDT) -- PITTSBURGH — Agreeing with two of the five recent rulings in similar Employee Retirement Income Security Act putative class actions and citing Thole v. U.S. Bank N.A., a Pennsylvania federal magistrate judge recommended dismissing a pension risk transfer (PRT) challenge for lack of standing on the grounds that none of their three claimed injuries pass muster....