( July 15, 2026, 12:58 PM EDT) -- HOUSTON — Ruling against a class of retirement plan participants that had prevailed following a bench trial, the Fifth Circuit U.S. Court of Appeals issued an unpublished July 14 opinion vacating the judgment and remanding for fact-finding “to evaluate Article III standing” in the Employee Retirement Income Security Act suit over a retirement plan’s switch from a final average pay formula to a cash balance plan; in a separate concurrence, one member of the panel opined “that the type of consequences alleged constitutes an Article III injury.”...