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Fourth Circuit Affirms Trial Judgment for Defendants in US Airways 401(k) Stock-Drop Case (PDF)
Alston & Bird LLP
Aug. 8, 2007 9 pages. Excerpt: On August 1, 2007, the Court of Appeals for the Fourth Circuit upheld a defense judgment in a 401(k) employer stock case following a bench trial on breach of fiduciary claims. The appellate court's analysis of the Eastern District of Virginia's 58-page opinion presents a roadmap for how plan sponsors and fiduciaries should deal with employer stock in defined contribution plans. MORE >> |
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