Thursday, April 10, 2014

Pensions & Investments Examines Recent Stock Drop Case

In "Supreme Court considers ESOP fiduciary dilemma", Hazel Bradford of Pensions & Investments states that"

"The U.S. Supreme Court Wednesday debated the special burden placed on fiduciaries by the inclusion of employee stock options within defined contribution plans....

Scott Macey, president and CEO of the Washington-based ERISA Industry Committee, which represents corporations on benefit issues, called the hearing 'an appropriate discussion.' He said justices 'saw the quandary that fiduciaries would be in if they were to act on insider information.'"

To read more, click here.

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