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Single Stock Fund Litigation


Single Stock Fund Litigation: A Growing Circuit Court Split

The court also rejected the defendants' argument that, because the TEGNA Stock Fund (Old Gannett stock) was frozen to new investments, and participants were ...

2020–2021 553 I. Gannett: Circuits Split over ERISA Single-stock ...

required to liquidate the single-stock fund resulting from the transaction or face risk of litigation if the single-stock fund underper- forms.72 This new ...

Appellate Court Split in Recent Single Stock Fund Litigation

Plan fiduciaries in these circumstances have been targeted in class actions brought by an aggressive plaintiffs' bar both for liquidating a ...

Recent Plan Fiduciary Victories in ERISA Single-Stock Fund Litigation

Over the last few months, there have been a significant number of court decisions ruling against plaintiffs alleging ERISA breach of fiduciary ...

High Court Mulls Tackling 'Single-Stock' ERISA Cases - Mayer Brown

benefits of retaining a single-stock fund, including the likelihood of a challenge in litigation surviving a motion to dismiss," the Mayer ...

Company Stock Litigation | ERISA Litigation | Services and Industries

Sidley has played a significant role in developing the case law that governs “stock drop” cases, and we have built an experience base that includes every ...

Bloomberg Law, ERISA Litigation, Chapter Forty-One. Fiduciary ...

There has been substantial ERISA fiduciary litigation challenging eligible individual account plan investments in employer stock. One strand, which has ...

Minimizing the Risk of ERISA Litigation in a Turbulent Economic ...

ESOP fiduciaries may be particularly vulnerable to employer stock fund claims during this period of the COVID-19 pandemic in light of the risk ...

APPENDIX - Supreme Court

Plaintiffs' claims are simple: the TEGNA Stock Fund ... diverse, single-stock fund [the TEGNA Stock Fund] in ... litigation, and. ERISA litigation ...

Stock Plan Cash Holding Suits Tee Up Questions of Funds' Purpose

A handful of new lawsuits challenging employee stock ownership plans with significant cash holdings could force courts to grapple with the ...

ERISA Complex Litigation - Jackson Lewis

Class Action Benefit Claim litigation ... Multiple-Employer Plan litigation; Employer Stock Fund litigation ... Single-plaintiff healthcare benefit claim litigation ...

Seventh Circuit Affirms Dismissal of ERISA Stock-Drop Case

From single plaintiff litigation and arbitration to complex class action litigation, he provides… ... Employer Stock Fund Litigation · Equal ...

Retirement plan fiduciaries to pay more than $124.6M to settle ...

The complaint highlighted an example in which the investment manager invested the plan's assets in the stock of a single pharmaceutical company, ...

THE FATE OF STOCK DROP LITIGATION Kathryn J. Kennedy

ployer's plan do not divest themselves of the single-stock fund, they risk litigation on the grounds that it is not prudent to hold such funds ...

ERISA Litigation Update | Insights & Resources - Goodwin

Key Takeaway: Defendants' process for monitoring a company stock fund was found to be sufficient where they had regular meetings, consulted ...

The ERISA Litigation Newsletter - Insights - Proskauer Rose LLP

... litigation, as well as plan practices in administering stock funds. ... The RJR Nabisco Common Stock Fund, consisting of stock ... single stock fund in the Plan ...

The Saga of Company Stock in 401(k) Plans – Some Problems ...

At one of these meetings, someone suggested that the company stock problem may be one that would solve itself, as target date funds became the ...

A Mission Statement for Mutual Funds in Shareholder Litigation

The securities claims were typically not brought as class actions, but rather as individual actions sep- arate from any class claims brought against the same ...

Spin-Off Sets up Second Stock Suit

Perhaps more precisely when is it no longer a company stock fund. That's likely the heart of a new lawsuit filed by participant-plaintiffs John ...

Recent Company Stock Litigation - Jenner & Block LLP

Schering-Plough offered a 401(k) plan with no match and with a company stock fund as one of several investment alternatives. The plan was intended to comply ...