Alert July 03, 2012

New ERISA Litigation Update Available

Goodwin Procter’s ERISA Litigation Practice published its latest quarterly ERISA Litigation Update.  The update discusses (a) two Sixth Circuit decisions, (i) one finding that ERISA preempts state law claims against a non-fiduciary plan custodian, and (ii) the other dismissing a stock drop claim for failure to allege “actual injury,” (b) an Eleventh Circuit dismissal of a stock drop claim, and (c) a dismissal by the U.S. District Court for the Southern District of New York of claims regarding the alleged imprudence of securities lending investments.  The update also provides (1) a link to a recent Financial Services Alert discussing new disclosure obligations for sponsors of ERISA plans and service providers with ERISA clients and a (2) listing of upcoming conferences on ERISA litigation at which members of Goodwin Procter’s ERISA Litigation Practice will be making presentations.