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Justice Department Asks Supreme Court to Reverse Circuit Courts' Pro-ESOP Position
The ESOP Association Link to more items from this source
Nov. 15, 2013

"Early in 2013, the Supreme Court asked the Solicitor General to comment on technical questions regarding stock-drop cases and to assess whether these types of cases should be brought to the attention of the Court. In a rather strange move, the Solicitor General asked the Court to focus only on a matter concerning ESOP plan fiduciaries, and whether they are entitled to the presumption that they have acted in the best interests of plan participants by investing in company stock." [Fifth Third Bancorp v. Dudenhoeffer petition for certiorari filed Dec. 2012; Brief amicus curiae of U.S filed Nov. 12, 2013]

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