Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)
ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



Supreme Court Rewrites the Rules Governing ERISA Fiduciary Duty Claims Against ESOP Trustees
Crowell Moring Link to more items from this source
July 21, 2014
"The vast majority of complaints filed in stock-drop cases to date make broad allegations that the fiduciaries 'knew or should have known' the company's stock was an imprudent investment, based on publicly available information. The Court's suggestion that a 'special circumstances' pleading obligation applies ... will make it considerably more difficult for plaintiffs making such claims to survive a motion to dismiss.... Fiduciaries of ESOPs holding non-publicly traded stock may be particularly impacted by the Court's rejection of the Moench presumption."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.