Alert April 03, 2012

New ERISA Litigation Update Available

Goodwin Procter’s ERISA Litigation Practice published its latest quarterly ERISA Litigation Update.  The Update discusses (1) a federal district court decision addressing the fiduciary status of an advisor to a plan assets fund, (2) the settlement of class action claims asserted by plans and other entities against a bank in connection with its investment of securities lending collateral and (3) a Sixth Circuit decision addressing (a) the application of the Moench presumption at the pleading and (b) the application of ERISA’s safe harbor defense for losses caused by a participant’s exercise of control to the selection of investments a plan offers.