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Secured dismissal of a putative ERISA consolidated class action suit challenging a large corporation's inclusion of company stock in its 401(k) plan.

ClientLarge corporation
Region
Georgia
DescriptionRepresented a large corporation in a putative ERISA consolidated class action suit, which was premised on plaintiffs’ claims that a drop in the price of the company’s stock and resulting losses to plaintiffs’ retirement plans were caused by an undisclosed “channel stuffing” scheme. Deeming the complaint “a securities fraud case masquerading as an ERISA case,” the court dismissed the complaint in its entirety.
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click to watch Videocast: DOL Fiduciary Rule Litigation Impacts
Videocast: DOL Fiduciary Rule Litigation Impacts
Atlanta, GA
Washington, DC
© 2017 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
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Experience - Secured dismissal of a putative ERISA consolidated class action suit challenging a large corporation's inclusion of company stock in its 401(k) plan.
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