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American Benefits Council Amicus Brief in State Street Stock Drop Case (PDF)
American Benefits Council 
[Opinion] Mar. 8, 2011 28 pages. "Federal law strongly favors employee stock ownership. Unfortunately, plan investments in company stock are threatened by lawsuits that can be filed at any time that an employer's stock price declines or performs below expectations. These 'stock drop' lawsuits lead to expensive discovery and practical pressures to pay for settlements. They are having a severely detrimental effect on the voluntary employment-based retirement system and are undermining the public policy favoring investments in company stock." MORE >> |
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