Lehman Again Granted Victory in Stock Drop Suit
Reviewing the case in light of new pleading standards set by the Supreme Court decision in Fifth Third, a court...
Tag: Company Stock
RJR Handed a New Win in Stock Divestment Decision
A district court agreed that a prudent fiduciary would have made the same decision to remove Nabisco stock from the...
SunEdison Faces Lawsuit Over Company Stock in Retirement Plan
The accusations are similar to those in many stock drop lawsuits.
JP Morgan Granted Win in Stock Drop Suit
Participants in JP Morgan’s 401(k) plan failed to state a claim that the company acted imprudently by keeping company stock...
State Street’s Handling of GM Stock for 401(k) Gets Court Blessing
An appellate court found State Street’s process to review the GM stock investment was prudent.
Duty to Monitor Fiduciaries Does Not Include Duty to Inform
BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its...
Company Stock Can Still Be a Prudent Investment
A recent court decision put fear in DC plan sponsors about offering company stock in the plan lineup, but it...
Is Company Stock a Liability to Your Retirement Plan?
Steps you can take to help safeguard your plan and participants.
ESOP Sponsor May Have Had Heightened Duty to Disclose
A court has found questions exist about whether a privately-held company had a duty to disclose a contemplated merger to...
9th Circuit Confirms Stock Drop Remand
The 9th U.S. Circuit Court of Appeals refused to again revisit an amended decision in a long-running and complicated stock...
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
World’s Largest Coal Company Faces ERISA Suit
A former employee of Peabody Energy is suing the coal producer over company stock investments in its DC plans.
DOL Sues Firm Over Company Stock Purchases
The Labor Department filed suit against a California-based manufacturer to recover millions of dollars for ESOP plan participants.
Settlement Reached in Fannie Mae Stock Drop Suit
Affected participants will receive $9 million, less attorneys’ fees and settlement expenses.
U.S. Recommends Denial of RJR Stock Case Review
U.S. Solicitor General Donald B. Verrilli Jr. said the questions before the Supreme Court in RJR Pension Investment Committee v....
Law Firm Investigating IBM 401(k) Plan
A law firm says allegations of fraud in a current lawsuit against IBM raise questions about its handling of 401(k)...
Plan Sponsors Eye Company Stock with Care
The Supreme Court’s decision about company stock investments in retirement plans has some plan sponsors rethinking that option, a survey...
Real Estate Services Firm Settles Stock Drop Case
LandAmerica Financial Group will pay $5 million to settle claims it held company stock in its 401(k) plan when it...
Supreme Court Could Consider RJR Stock Drop Case
The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a...