Alert January 25, 2011

New ERISA Litigation Update Available

On January 20, 2011 Goodwin Procter’s ERISA Litigation Practice published the latest edition of its quarterly ERISA Litigation Update.  The Update discusses recent developments in a number of retirement cases, including a decision holding that the adviser to a fund containing Madoff investments could be held liable as an ERISA fiduciary, and another decision dismissing claims against an adviser for investing ERISA plan assets in mortgage-backed securities.  The Update also reports on recent appellate developments in class actions challenging the holding of employer securities in 401(k) plans, and a district court decision involving a plan holding employer securities where the employer had received TARP funds.