Case update: In Re: Citigroup ERISA Litigation
By Maria M. Gonzalez
Employee Benefits,
November 2011
The In Re: Citigroup decision contains the most substantive discussion of the Court’s analysis addressing the legal standard governing breach of fiduciary duty claims brought against plan administrators of 401(k), ESOP and other forms of eligible individual account plans that maintain company stock in the plan when there is a substantial decline in price of the stock.
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