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DOL Disputes Adopting Moench Presumption for Fiduciaries of ERISA-Governed Plans
Ballard Spahr LLP [Guidance Overview] Nov. 17, 2010 Excerpt: The U.S. Department of Labor recently argued that a three-judge panel of the Ninth Circuit got it wrong when it adopted the 'Moench presumption' for assessing whether fiduciaries invested imprudently in employer stock in Quan v. Computer Sciences Corp.... . |
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