Alert December 20, 2011

New ERISA Litigation Update Available

Goodwin Procter’s ERISA Litigation Practice published its latest quarterly ERISA Litigation Update.  The Update discusses (1) Second Circuit decisions affirming the dismissal of stock-drop suits and adopting a presumption of prudence for the holding of employer stock in plans designed to hold such stock, (2) a Fourth Circuit decision holding that pension plan trustees are liable only if their breach of duty caused the plan’s losses and (3) preliminary approval of an agreement to settle a major 401(k) fee case.