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Employee Benefits & Executive Compensation Blog

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

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Fifth Circuit Affirms Dismissal of ERISA Stock Drop Action

By Joseph Clark on August 7, 2018

The Fifth Circuit agreed that a participant in Idearc’s 401(k) plan failed to plausibly plead that the plan fiduciary’s failure to act on publicly available information about Idearc amounted to a breach of fiduciary duty in connection with making Idearc stock available as an investment option in the plan.  The decision was guided by an…

Posted in Employer Stock Fund Litigation

Employee Benefits & Executive Compensation Blog

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