No. 20-289

Retirement Plans Committee of IBM, et al. v. Larry W. Jander, et al.

Lower Court: Second Circuit
Docketed: 2020-09-04
Status: Denied
Type: Paid
Experienced Counsel
Tags: corporate-disclosure disclosure employee-stock-ownership-plan erisa fiduciary-duty fraud fraud-disclosure insider-information securities-law
Latest Conference: 2020-11-06
Question Presented (from Petition)

1. Whether Dudenhoeffer's "more harm than good" standard can be satisfied by generalized allegations that the harm of an inevitable disclosure of an alleged fraud generally increases over time and thus plan fiduciaries should have made earlier disclosures through regular securities-law filings.

2. Whether ERISA imposes a duty on a plan fiduciary who is also a corporate officer to use inside information for the benefit of plan participants.

Question Presented (AI Summary)

Whether Dudenhoeffer's 'more harm than good' standard can be satisfied by generalized allegations

Docket Entries

2020-11-09
Petition DENIED.
2020-10-21
DISTRIBUTED for Conference of 11/6/2020.
2020-10-20
Reply of petitioners Retirement Plans Committee of IBM, et al. filed. (Distributed)
2020-10-05
Brief of respondents Larry Jander, et al. in opposition filed.
2020-09-01
Petition for a writ of certiorari filed. (Response due October 5, 2020)

Attorneys

Larry Jander, et al.
Samuel Ethan BonderoffZamansky, LLC, Respondent
Retirement Plans Committee of IBM, et al.
Paul D. ClementKirkland & Ellis LLP, Petitioner