Unsatisfying Answers In 4th Circ. Retirement Plan Ruling

By Chelsea Mikula and Scott Stitt ( March 28, 2019, 12:32 PM EDT) -- On March 21, 2019, in Brundle v. Wilmington Trust, the U.S. Court of Appeals for the Fourth Circuit affirmed decisions from the U.S. District Court for the Eastern District of Virginia that Wilmington Trust NA breached its fiduciary duties by causing the employee stock ownership plan to overpay for Constellis Group Inc. stock by $29.8 million. The decision, written by U.S. Circuit Judge Diana Gribbon Motz, was joined by Chief Circuit Judge Roger Gregory and Circuit Judge Henry Floyd, with no dissent....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as