Suzanne Wynn has the story of the day when it comes to ERISA litigation, as she posts on the Seventh Circuit’s application of LaRue to exactly the type of case that, had the Supreme Court ruled otherwise, would have gone away without any potential liability on the part of the fiduciaries or, for that matter,
401(k) Plans
The Meaning of Justice Roberts’ Concurrence in LaRue
By Stephen Rosenberg on
Posted in 401(k) Plans, Fiduciaries
There’s nothing really new in this piece for those who have already closely followed and studied the LaRue decision (how’s that for opening with a bang?), but this column on the decision in the April 2008 issue of Metropolitan Corporate Counsel magazine by two Proskauer attorneys is interesting. They focus on playing out the meaning…
A Blog to Pass Along, and Some Thoughts About the Supreme Court’s Interest in ERISA
By Stephen Rosenberg on
Lots going on, lots to talk about. Let’s start with this one, which, coincidentally, allows me to kill two birds with one stone. You may recall that some time back I mentioned that I had come across two interesting blogs that I wanted to pass along, one of which was The Float, covering primarily…
Back to the Well: Fiduciaries and Subprime Assets
By Stephen Rosenberg on
I guess this is the flip side of all the grief that is starting to come down on fiduciaries for excessive – or at least what seems to plaintiffs’ lawyers to be excessive in hindsight – exposure to the subprime mortgage mess in pension and 401(k) holdings: pension plan fiduciaries now adding such exposure to…
Back From Trial, But the World Kept Spinning In the Interim
By Stephen Rosenberg on
My trial finally concluded late yesterday after two weeks, with the jury returning a verdict in favor of my client (pause here for self-congratulatory pat on the back). While I was able to get some posts up last week, during the first week of trial, events during trial this past week left me with no…
Want to Learn More About the Post-LaRue World?
I am trying to kick the LaRue habit, but couldn’t resist going back to the well one more time (how’s that for mixing my metaphors?). I know from readers of this blog and from talking to other lawyers that people are very interested in LaRue and the Supreme Court’s current interest in ERISA cases –…
Passing Along an Interesting Blog: Number One
By Stephen Rosenberg on
Posted in 401(k) Plans, People are Talking . . .
One interesting thing about the LaRue case is the amount of blog commentary it inspired. For me personally, the best aspect of that wasn’t so much what other bloggers had to say about the subject, but more the fact that the discussions brought some blogs to my attention that I had not previously been aware…
More on LaRue: Lawyers USA Weighs In
By Stephen Rosenberg on
Posted in 401(k) Plans, Fiduciaries
Thought I would pass this along right now, while the article is still available to non-subscribers – I suspect if you read this post tomorrow, you will have to subscribe to get access to the article by then. Either way, here’s an interesting article available on Lawyers USA today on the LaRue decision, and on…
Choice Architecture, 401(k) Plans and the Argument for Restricting Choice
By Stephen Rosenberg on
Posted in 401(k) Plans
The topic of this article from yesterday’s Boston Globe, concerning behavioral economics and the idea that most people simply get it wrong when making investment choices with regard to retirement if they are left to their own devices, will be familiar to any long time reader of this blog, but it did catch my eye…
Will LaRue Actually Lead to An Increase in Litigation?
By Stephen Rosenberg on
Posted in 401(k) Plans
I thought I would pass along today this article from Business Insurance in which I am interviewed about LaRue, and its impact on plan sponsors. The point of the article is that the decision opens them up to more potential liability, and they need to be aware of that. I am actually a little…