Evercore Doesn't Have To Face ERISA Suit, DC Circ. Says
By Dorothy Atkins ( January 3, 2017, 7:15 PM EST) -- The D.C. Circuit refused Friday to revive a putative class action accusing Evercore Trust Co. of breaching its fiduciary duties under the Employee Retirement Income Security Act by failing to prevent the value of a J.C. Penney Co. employee stock ownership plan from falling, ruling that under the high court's Dudenhoeffer decision the claims "fall far short."...
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