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The Role of ERISA Counsel in the Fiduciary Process
ERISA Fiduciary Guidebook
[Guidance Overview] Aug. 10, 2009
Excerpt: The recent case of In Re: Delphi Corporation Securities, Derivative & ERISA Litigation represents another victory for fiduciaries in a company stock case. As in most of the recent cases holding for fiduciaries, prudent practices and processes won the day and this recent case is no exception. However, what stands out in the case is the illustration that the case provides of the various roles that ERISA counsel can play in the fiduciary process and how utilizing counsel at critical junctures in the process can contribute towards a positive outcome for fiduciaries.
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