Compliance | August 17th, 2022 Appeals Court Upholds Decision in Boeing Stock-Drop Case Judges reaffirm the role of third-party fiduciaries in stock plans.
Compliance | April 22nd, 2021 Another Appeals Court Rejects Stock Drop Claims The 9th U.S. Circuit Court of Appeals has sided with the defendants in a stock drop lawsuit after applying stringent...
Compliance | January 11th, 2021 Supreme Court Appeal Filed in Wells Fargo Stock-Drop Case The appeal asks whether an earlier Supreme Court ruling means ESOP fiduciaries are effectively immune from duty-of-prudence liability for the...
Compliance | November 13th, 2020 Boeing Defeats Stock Drop Suit Tied to 737 MAX Crashes Plaintiffs in stock drop lawsuits have had very limited success establishing standing under a precedent set by the landmark Supreme...
Compliance | August 13th, 2020 Gannett Co. ERISA Lawsuit Revived by 4th Circuit Helping to explain the break with the post-Dudenhoeffer tradition of courts rejecting similar stock-drop suits, the majority opinion in this...
Compliance | July 28th, 2020 8th Circuit Affirms Wells Fargo’s Win in Stock Drop Challenge The plaintiffs failed twice to meet the so-called ‘Dudenhoeffer pleading standard’ before the U.S. District Court for the District of...
Compliance | May 5th, 2020 Court Dismisses Johnson & Johnson Stock Drop Suit Johnson & Johnson successfully argued that the plaintiffs have not met the pleading standards established by Fifth-Third v. Dudenhoeffer, however,...
Compliance | June 24th, 2019 Appeals Court Again Cites Dudenhoeffer in Rejecting Stock Drop Suit The decision out of the 8th Circuit ties together the influential Supreme Court decisions known as Fifth Third v. Dudenhoeffer...
Compliance | January 31st, 2019 ERISA Stock Drop Lawsuit Filed Against Johnson and Johnson Details in the text of the complaint explain that the stock price drop that plaintiffs say unduly harmed participants is...
Compliance | December 17th, 2018 Stock-Drop Lawsuit Targeting IBM Revived and Remanded An appellate court has taken the rare step of overturning a successful motion to dismiss a stock drop lawsuit targeting...
Compliance | September 18th, 2018 Frontier Communications Stock Drop Lawsuit Alleges Imprudent Telecom Concentration The DC plan trust of Frontier Communications was 219-times more concentrated in Verizon stock than defendants felt was appropriate for...
Compliance | September 6th, 2018 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...
Compliance | July 26th, 2018 Plaintiffs’ Prudence Claims Snapped in General Cable Stock Drop Suit In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of...
Compliance | July 26th, 2018 ‘Prudence’ and ‘Loyalty’ Feature in Second Rejection of Wells Fargo Stock Drop Suit While they won the day, defendants unsuccessfully argued that the Dudenhoeffer pleading standards should be applied not only to prudence claims, but...