Employment Issues

'Presumption of Prudence' Axed in ESOP Stock-Drop Cases

, New York Law Journal


In his Employment Issues column, Philip M. Berkowitz writes that although the Supreme Court's recent decision in 'Fifth Third Bancorp v. Dudenhoeffer' didn't garner the same attention as other employment cases, it may be the most significant, possibly putting at risk the right of Employee Stock Ownership Plan fiduciaries to invest in company stock.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202662613478

Thank you!

This article's comments will be reviewed.