Company Stock Down, But Not Out
The lion’s share of DC assets are in TDFs via QDIAs—but HR execs still view company stock as valuable for...
Tag: company stock in retirement plans
Plan Design Decisions Can Reduce Overconcentration in Company Stock
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
IBM Stock Drop Lawsuit Remanded Back to District Court
The 2nd U.S. Circuit Court of Appeals has re-established its previous ruling in favor of the plaintiffs.
Monitoring DC Plans’ Company Stock Investments During Market Volatility
Decisions for 401(k) plan sponsors with company stock on their investment menus are different than those for sponsors of true...
Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or...
Supreme Court Declines to Review Question About Dudenhoeffer Pleading Standards
A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed...
Supreme Court Remands IBM v. Jander Stock Drop Challenge
The Supreme Court has issued a limited ruling in a case that could have had a big impact on the...
Government Prosecutors Weigh In on Supreme Court IBM Case
Courts should “recognize that Congress and the SEC have already made a judgment about when a public disclosure would do...
Court Issues Mixed Ruling in Case Over ESOP Stock Purchase
The court decision highlights the difficulty in determining the fiduciary status of parties and of making claims for equitable relief...
IBM Stock Drop Case Makes Its Way to Supreme Court
A district court determined the plaintiffs did not plausibly plead a violation of ERISA’s duty of prudence, because a prudent...
Boeing DC Plan Participants Sue Over Inflated Stock Price
The lawsuit, filed on behalf of participants invested in Boeing stock in all of Boeing’s defined contribution plans, alleges the...
IBM Petitions Supreme Court to Consider Dudenhoeffer Pleading Standard
A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme...
Exxon Mobil Stock Drop Suit Dismissed
A federal judge concluded for a second time that plaintiffs in the suit failed to meet a significant pleading standard...
Whole Foods Again Defeats Stock Drop Litigation on Appeal
As in other recent stock drop litigation decisions, the plaintiff here ultimately failed to jump the high hurdle for standing...
Second Stock Drop Complaint Against Edison International Dismissed
A federal district court judge found that additional allegations that alternatives to continuing to offer the company stock would lead...
Court Tosses Suit Over Including Former Parent Stock in Phillips 66 Plan
The court found plaintiffs failed to state a claim for relief based on ERISA’s duty to diversify and failed to...
Gannett Faces ERISA Stock Drop Complaint
The lawsuit alleges that Gannett Co., its benefit plans committee and other fiduciaries’ decision to concentrate plan investments in Gannett’s...
SunTrust Agrees to Settlement in Long-Running ERISA Suit
In addition to a monetary payment of $4.75 million, the bank agreed to non-monetary terms regarding payment and vesting of...
5th Circuit Affirms Dismissal of RadioShack Stock Drop Suit
The court found participant claims did not meet standards set forth in Fifth Third Bank v. Dudenhoeffer.
Appellate Court Hands Win to Hewlett-Packard in Stock Drop Case
Another employer win in a stock drop suit indicates it is tough for retirement plan participants to meet the pleading...