Events2Join

Supreme Court Remands IBM Stock Drop Litigation to the Second ...


JANDER v. International Business Machines Corporation ...

The plaintiffs here, IBM employees who were participants in the company's ESOP, claim that the plan's fiduciaries knew that a division of the company was ...

Jander ERISA Lawsuit Settles, but Leaves Questions

New York, NY Jander v. Retirement Plans Committee of IBM, a long-running employee stock ownership lawsuit, settled on April 2, ...

2017 Annual Report - IBM

remanded the case to the Indiana Superior Court. ... Second Circuit Court ... ++ The stock prices reflect the high and low prices for IBM's ...

Gibson Dunn Offers 2020 Year-End Securities Litigation Update

The plaintiffs did not make any showing that the challenged statements inflated the stock price, but rather premised their action on a drop in ...

Jay P. Lefkowitz, P.C. | Professionals - Kirkland & Ellis LLP

The court granted defendants' motion to dismiss in 2010. Plaintiffs appealed to the New York Supreme Court but the parties reached a settlement and the appeal ...

Brief for the United States : U.S. v. International Business Machines ...

however -- as did the district court -- that IBM's ... promotion of competition, as laid out in Supreme Court and Second ... The Court remanded the case to develop ...

Retirement Plan Committee of IBM v. Jander - Ballotpedia

Timeline · January 14, 2020: The U.S. Supreme Court vacated the ruling of the 2nd Circuit and remanded the case. · November 6, 2019: Oral argument · June 3, 2019: ...

RETIREMENT PLANS COMM. OF IBM v. JANDER | Supreme Court

... drop in the value of the stock already held by the fund. ... Today's per curiam vacates and remands so that the Court of Appeals for the Second ...

5 ERISA Cases To Watch In The 2nd Half Of 2019 - Feinberg Jackson

year drought of benefits litigation review by the nation's highest court. ... The first worker-friendly decision in a so-called "stock-drop" case ...

Meaghan VerGow - Partner - O'Melveny

... Supreme Court and on remand in ERISA litigation challenging 401(k) plan offerings ... Second Circuit Breathes Life Into Stock Drop Claim in Jander v. Retirement ...

John Houston Pope Quoted in "5 ERISA Cases to Watch in the 2nd ...

The first worker-friendly decision in a so-called “stock-drop” case in a long time, Jander v. IBM revived IBM employees' claims that the company ...

Supreme Court Sends Its Latest “Stock Drop” Case Back to the ...

, the Supreme Court somewhat surprisingly remanded the case back to the Second Circuit. According to the Supreme Court, the fiduciaries of the ESOP at issue ...

ERISA Newsletter - Insights - Proskauer Rose LLP

In a closely-watched case among ERISA plan sponsors, fiduciaries, and practitioners, the U.S. Supreme Court vacated the Second Circuit's decision in Jander v.

Reliance and Loss Causation—Know the Difference: The Supreme ...

The Supreme Court (per Justice Barrett) implicitly agreed with the Second ... Stock prices fall ... Court for securities law cases—and a brilliant ...

Supremes Take a (Second) Pass on Resolving Fiduciary Split

... remand—and reinstated its initial opinion. And, the issue basically unresolved, IBM (again) asked the Supreme Court to consider the issues, specifically:.

Case 1:15-cv-03781-WHP Document 115 Filed 04/02/21 Page 1 of 21

Ultimately, the Supreme Court vacated the Second Circuit's decision and remanded the case ... drop in the stock ... shares of the IBM Stock Fund.

U.S. Supreme Court Update: Cases of Interest in October Term 2019

the Supreme Court agreed to resolve another circuit split ... stock dropped, former IBM employees and participants in ... On remand, after a second ...

AUGUST 27, 2020 INTRODUCTION - Sullivan & Cromwell LLP

SEC; (v) the Supreme Court's remand in Retirement Plans Committee of IBM v. Jander; and (vi) the effects of COVID-19 on securities litigation.

SECURITIES LITIGATION AND EMPLOYEE BENEFITS UPDATES

... stock price drop. ... The Supreme Court granted cert. and handed ... • Following remand Second Circuit scheduled briefing in Jander v.

The Supreme Court has taken a number of actions related to the ...

... IBM's stock to drop. The Second Circuit also ... should be remanded to the Second ... the Court provided no further guidance on the proper pleading standard for ...