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Divided Sixth Circuit Affirms Summary Judgment in Post-Dudenhoeffer Review Based on Prudent Process
Alston & BirdLink to more items from this source
Nov. 30, 2015
"As the lower courts continue to grapple with the aftermath of Dudenhoeffer, the majority opinion in Pfeil II reflects the strength of having (and adhering to) a prudent process for evaluating investments in company stock. The dissenting opinion by Judge White does raise an important question though regarding the 'yardstick' that plan fiduciaries should use when making this evaluation." [Pfeil v. State Street Bank and Trust Co., No. 14-1491 (6th Cir. Nov. 10, 2015)]

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