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The View from Proskauer on Developments in the World of Employee Benefits, Executive Compensation & ERISA Litigation

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Second Circuit Revives Dismissed ERISA Stock-Drop Suit

By The ERISA Litigation Group on December 27, 2018

The Second Circuit reinstated a claim for breach of fiduciary duty under ERISA brought by participants in IBM’s 401(k) plan who suffered losses from their investment in IBM stock.  Jander v. Retirement Plans Committee of IBM, et al. 2018 WL 6441116 (2d Cir. Dec. 10, 2018). In so ruling, the Second Circuit became the…

Posted in Employer Stock Fund Litigation

Employee Benefits & Executive Compensation Blog

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