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8/8/2006:
District Court Rejects Claim for Fiduciary Breach Related to Employer Stock Fund
(The ERISA Industry Committee [ERIC])
Excerpt: Earlier this year, in In re Reliant Energy ERISA Litigation ('Reliant'), the district court for the Southern District of Texas held that an employer did not breach its fiduciary duty by offering an employer stock fund as an investment option when the benefits committee had no discretion to eliminate the offering.
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