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Text of DOL Amicus Brief on Claim Against Directors for Failing to Oversee Investment Committee
Office of the Solicitor, U.S. Department of Labor [DOL]
Sept. 4, 2003
Excerpt: The Complaint in this case alleges that the members of the Williams Company Board of Directors, who admittedly were charged with the duty to appoint, retain and remove members of the Benefits Committee, breached their fiduciary duties under ERISA by failing to monitor the Committee members and failing to provide them with the information that they needed to carry out their investment responsibilities.
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