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The Day the ERISA Presumption of Prudence Died
Baker & McKenzie via Lexology; registration required Link to more items from this source
Dec. 29, 2014
"[T]he public information defenses suggested by the Supreme Court have a limited range -- they only apply to [plans] holding the stock of publicly traded companies. For the thousands of ESOPs funded by stock of companies that are not publicly traded, those fiduciaries must continue to attend to the particulars of their own procedural prudence so as to avoid being the subject of future judicial guidance."

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