- Category
- Client Alerts
- Date
- Dec. 23, 2013
- Title
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Securities Litigation and Employee Benefits Alert: Supreme Court to Address the Fiduciary Presumption of Prudence in ERISA 'Stock Drop' Class Action Litigation
On December 13, the Supreme Court granted certiorari in Fifth Third Bancorp v. Dudenhoeffer, No. 12-751, to clarify whether plaintiffs asserting class action ERISA claims against ESOP fiduciaries, challenging plan investments in employer securities following a drop in the employer’s stock price, must overcome a “presumption of prudence” in order to survive a motion to dismiss under Fed. R. Civ. P. 12(b)(6).
Media Attachments
Related People
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Arthur H. Aufses III
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- Counsel
- Co-author
- New York
- vcard
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Alan R. Friedman
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- Counsel
- Co-author
- New York
- vcard
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