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In Re Worldcom Inc. ERISA Litigation
Publication Date: 2004-10-28
Practice Area: Employment
Industry:
Court: U.S. District Court for the Southern District
Judge:
Attorneys:
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U.S. District Court Southern District of New York Judge Cote Plaintiffs petition for court approval of a partial settlement and bar order, as well as an award of attor

February 02, 2005 |

Merrill Lynch Wins Workers' Suit Over WorldCom 401(k) Choices

Merrill Lynch won a major round Tuesday in the ongoing ERISA litigation arising from WorldCom's collapse when a federal judge ruled in its favor on a summary judgment motion. Southern District of New York Judge Denise Cote held that as a "directed trustee" under ERISA, Merrill Lynch's fiduciary duties were limited in nature and that its decision not to block investment in WorldCom stock by the company's 401(k) participants did not amount to a breach of its fiduciary duties.
4 minute read
August 07, 2006 |

Defense scores in pension plan suits

Defense attorneys are hailing a series of recent court victories in lawsuits filed on behalf of employees who lost money in their 401(k) and other retirement plans because of the declining price of their employer's stock.
8 minute read
August 14, 2006 |

Pension Suit Losses Piling Up

Defense attorneys are hailing a series of recent court victories in lawsuits filed on behalf of employees who lost money in their 401(k) and other retirement plans because of the declining price of their employer's stock.
4 minute read
In re WorldCom Inc. ERISA Litigation
Publication Date: 2005-02-07
Practice Area:
Industry:
Court: Unknown
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Attorneys:
For plaintiff:
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U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Judge Cote This Opinion addresses the circumstances in which a directed trustee of a 401(k) plan may be liable under

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