The last decade witnessed something of a "boom" in so-called "stock drop" class-action suits brought under the Employee Retirement Income Security Act.

In the typical stock-drop case, the plaintiffs alleged that plan fiduciaries breached duties of prudence and due care by failing to remove allegedly inappropriate stock - often sponsor stock - as an investment alternative when the fiduciaries knew of facts that rendered the stock a poor investment choice.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access