Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
DOL Amicus Brief Supporting Denial of Supreme Court Review of Gannett Fiduciary Case (PDF)
U.S. Solicitor General, on behalf of the Solicitor of Labor [Opinion] Nov. 17, 2021 29 pages. "The court of appeals correctly determined that respondents' amended complaint states claims for breach of ERISA's duties of prudence and diversification. Respondents plausibly allege that petitioners acted imprudently by failing to investigate red flags about the Plan's TEGNA stock holdings and to divest that stock within an appropriate time. Respondents also plausibly allege that the Plan as a whole was not adequately diversified because petitioners offered the TEGNA Stock Fund in addition to the New Gannett ESOP in the same sector. Contrary to petitioners' contention, the court of appeals' decision does not create any clear conflict with the decision of another federal court of appeals that warrants this Court's review. And petitioners likewise err in asserting that the court of appeals' decision conflicts with Dudenhoeffer. The petition for a writ of cer- tiorari should be denied." [Gannett Co. v. Quatrone, No. 19-1212 (4th Cir. Aug. 11, 2020; cert. pet. filed Oct. 30, 2020, S. Ct. No. 20-609)] |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |