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Fifth Circuit Upholds Dismissal of Diversification and Prudence Claims Targeting a Single Stock Fund in a 401(k) Plan
Proskauer Rose LLP 
June 30, 2020 "[T]he Court's decision offers meaningful guidance to fiduciaries of participant-directed plans and, more specifically, to those evaluating what to do with a company stock fund after a spinoff or divestiture.' [Schweitzer v. The Investment Comm. of the Phillips 66 Savings Plan, No. 18-20379 (5th Cir. May 22, 2020) ] |
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