Fifth Third Bancorp v Dudenhoeffer
Published on:
February 3, 2014
SIFMA submitted an Amicus “Friend of the Court” Brief
Court:
U.S. Supreme Court
Amicus Issues:
Whether the Sixth Circuit erred by holding that respondents were not required to plausibly allege in their complaint that the fiduciaries of an employee stock ownership plan abused their discretion by remaining invested in employer stock, in order to overcome the presumption that their decision to invest in employer stock was reasonable, as required by ERISA, and every other circuit to address the issue.
Counsel of Record:
Gibson, Dunn & Crutcher LLP
Mark A. Perry
Paul Blankenstein
Ashley S. Boizelle
Other Amici:
None