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New Hampshire High Court Upholds Pension Divestment
Cypen & Cypen Link to more items from this source
[Guidance Overview]
Nov. 7, 2010

See item #8. Excerpt: Because the trial court found that the trustees could not comply with the Sudan Divestment Act without violating their common law fiduciary duties, the Supreme Court declined to decide what standard to apply in determining whether a trustee who complies with the Sudan Divestment Act has met his fiduciary duties. Given the absence of a definitive ruling, the court remanded the case to the trial court to determine whether the Sudan Divestment Act impermissibly interferes with the trustees' statutory or common law fiduciary duties.

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