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Fiduciary Breach Claim Dismissed Where Proposed Corrective Action Would Have Required Fiduciaries to Act in Corporate Capacity
Wolters Kluwer 
Aug. 28, 2020 "A plan sponsor could be held vicariously liable, under respondeat superior theory, for the actions of its plans' fiduciaries, according to a federal trial court in New Jersey. However, the plan fiduciaries were not required to make public corrective disclosures, in their corporate capacities, to satisfy their fiduciary obligations under ERISA." [Perrone v. Johnson & Johnson, No. 19-923 (D.N.J. Apr. 29, 2020)] MORE >> |
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