Fifth Third — And Why Stock-Drop Suits Will Live Anyway

Law360, New York (March 31, 2014, 1:41 PM EDT) -- Employee Retirement Income Security Act stock-drop cases typically involve claimed breaches of two of the four enumerated fiduciary duties in Section 404(a) of the ERISA: prudence and loyalty. A breach of the duty of prudence claim is often premised upon imprudent selection or retention of employer company securities as an investment option in ERISA plans. Claims for breach of the duty of loyalty are generally premised on alleged misrepresentations or omissions about those securities — a judicial expansion of more common notions of the duty of loyalty....

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

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!