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Peabody Energy Cleared in ERISA Challenge to Stock Losses
Bloomberg BNA 
Apr. 3, 2017
"The proposed class action argued that Peabody wrongfully kept company stock in its workers' retirement plans during a period in which the company was under investigation for allegedly making misstatements about the effects of climate change on its business prospects. A federal district court refused to hold Peabody liable for these actions under [ERISA], saying that the employees failed to overcome the strict pleading standards set by the U.S. Supreme Court in ERISA cases over employer stock." [Lynn v. Peabody Energy Corp., No. 15-916 (E.D. Mo. Mar. 30, 2017)]
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