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Spence v. American Airlines: A Texas Court's View of the Duty of Loyalty Under ERISA
Verrill Dana LLP 
Mar. 7, 2025 "Although the court outlines steps a fiduciary could take to ensure compliance with ERISA's duty of loyalty, it is unclear how these actions would make a meaningful difference to Plan participants in this case.... The court's analysis ... may incentivize plaintiffs to consider other circumstances where plan fiduciaries could be influenced by a plan investment manager that holds significant debt and equity in the plan sponsor." [Spence v. Am. Airlines, Inc., No. 23-0552 (N.D. Tex. Jan. 10, 2025)] MORE >> |
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