November 22, 2013 - News

The Solicitor General’s Brief to the Supreme Court in Dudenhoeffer v. Fifth Third Bancorp – Potential Impact on ERISA Stock Drop Cases

Attached is an update prepared by the Evercore Trust legal team (Gloria Pollack, David Cohen, Val Garcia-Tufo and Bill Ryan) on the status of the Dudenhoeffer v. Fifth Third Bank 6th Circuit appeal to the Supreme Court. The Solicitor General (with the Department of Labor) filed an amicus brief in support of the plaintiff, arguing that no presumption of prudence be accorded to the plan investments in company stock funds.

Dudenhoeffer v. Fifth Third Bancorp – Potential Impact on ERISA Stock Drop Cases

Solicitor General’s Brief – Dudenhoeffer v. Fifth Third Bancorp