Jeffrey S. Klein and Nicholas J. Pappas, partners at Weil, Gotshal & Manges, write that the legacy of Enron's highly publicized collapse includes a marked expansion of so-called stock drop litigation under ERISA's fiduciary duty provisions. Such litigation occurs when a company's stock loses value and, as a result, the company's retirement funds, which are frequently invested in company stock, suffer significant losses.
October 09, 2007 at 12:00 AM
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