ERIC Urges Supreme Court to Apply Presumption of Prudence in Plans with Company Stock

Washington, D.C. – The ERISA Industry Committee (ERIC) on February 3 filed (with other trade associations) with the U.S. Supreme Court an amicus brief in the Fifth Third Bancorp v. Dudenhoeffer case, urging the Court to apply the presumption of prudence at the pleading stage of a lawsuit.   ERIC’s brief was prepared by Proskauer Rose LLP.  …