Alert April 02, 2013

New Goodwin Procter ERISA Litigation Update Available

Goodwin Procter’s ERISA Litigation Practice published its latest quarterly ERISA Litigation Update.  The update discusses:

  • a Ninth Circuit decision affirming the district court’s rulings in the Tibble case previously reported in the ERISA Litigation Update.   Tibble v. Edison International, Nos. 10-56406, 10-56415, 2013 WL 1174167, No. 11-56628, 2013 WL 1150788 (9th Cir. Mar. 21, 2013).
  • a Fourth Circuit decision affirming dismissal of claims and summary judgment in a suit challenging a financial services company’s use of proprietary products in its retirement plans.   David v. Alphin, 704 F.3d 327 (4th Cir. 2013).
  • a Second Circuit decision affirming in part, and vacating and remanding in part, a decision by the United States District Court for the Southern District of New York dismissing all claims as to the inclusion in two 401(k)-style plans that allowed participants to invest in the stock of the sponsoring employer.  Taveras v. UBS AG, 708 F.3d 436, No. 12-1662, 2013 WL 692720 (2d Cir. Feb. 27, 2013).