United States Second Circuit
In re Lehman Bros. Sec. and ERISA Litig., 15-2229
In an ERISA class action, brought by a putative class of former participants in an employee stock ownership plan invested exclusively in Lehman Brothers' common stock, the district court's dismissal under F.R. Civ. Pro 12(b)(6) is affirmed where plaintiffs have failed to plausibly plead that defendants breached their ERISA duties.
- Published 2016/03/18
- PER CURIAM
- United States Second Circuit