Corporate DC plans

Preliminary settlement reached in Dudenhoeffer case

Preliminary settlement reached in Dudenhoeffer case

The stock-drop lawsuit that led to a landmark U.S. Supreme Court ruling on company stock funds in defined contribution plans has been tentatively settled for $6 million.

March 30, 2016 | 01:51 pm
Appeals court rejects fiduciary breach claim in Lehman Brothers stock-drop case

Appeals court rejects fiduciary breach claim in Lehman Brothers stock-drop case

A federal appeals court in New York again rejected a claim of fiduciary breach of duty against the bankrupt Lehman Brothers Holdings Inc. by participants in an employee stock ownership plan.

March 21, 2016 | 01:43 pm