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District Court Finds No Monetary Damages in ERISA Fiduciary Breach Case, Orders Governance Changes
Troutman Pepper Locke 
Oct. 29, 2025 "[T]he absence of monetary damages is potentially a big deal and may take away some of the economic fuel for copycat cases.... One takeaway ... is that ERISA plan fiduciaries should continue to ensure that all investment decisions, proxy voting, and shareholder engagement in general are driven by pecuniary objectives in the exclusive interest of plan participants." [Spence v. Am. Airlines, Inc., No. 23-0552 (N.D. Tex. Sep. 30, 2025)] MORE >> |
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