Over the last two decades, the federal courts have been gradually making life harder for ERISA plaintiffs by concluding that the guardians of employee retirement plans are presumed to be acting prudently when selecting investments. But the presumption has important limits, as Southern District Judge Paul Crotty reminded ERISA lawyers recently.
Judge Allows ERISA Suit in Face of Presumption Managers Act Prudently
The Am Law Daily
October 25, 2012
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