United States Second Circuit
In re Lehman Bros. ERISA Litigation, 11-4232
Dismissal of plaintiffs' ERISA action brought against defendants, members of Lehman's Employee Benefit Plans Committee, alleging defendants breached their fiduciary duty to prudently manage the company's employee stock ownership plan by, among other things, failing to eliminate or curtail plaintiffs' investment in Lehman stock during the class period, is affirmed, where plaintiffs failed to plead a plausible claim that defendants breached their ERISA fiduciary duties.
Appellate Information
- Decided 07/15/2013
- Published 07/15/2013
Judges
Court
- United States Second Circuit