Tag: ESOP

Employer Stock Drop Suit Victory Upheld by D.C. Circuit

To appreciate the riskiness of a stock intimately involves its market valuation, and to argue that the ESOP fiduciaries should have been able to outguess the market’s valuation is inherently unfair absent special circumstance, such as fraud. 

Sanofi Defeats ERISA Stock-Drop Challenge

A federal judge ruled the lead plaintiff does not have standing to bring his claim because he never purchased or sold ADRs of Sanofi during the alleged period of artificial price inflation.