United States Second Circuit

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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.

Appellate Information

  • Decided
  • Published 2016/03/18

Judges

  • PER CURIAM

Court

  • United States Second Circuit

Counsel

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