Fiduciaries Move To Stay Duty-Of-Prudence Dispute To Seek Supreme Court Review

Mealey's (January 29, 2019, 1:38 PM EST) -- NEW YORK — Fiduciaries of an IBM employee stock option plan (ESOP) on Jan. 24 moved to stay the Second Circuit U.S. Court of Appeals’ mandate that employees plausibly asserted a duty-of-prudence claim against them under the Employee Retirement Income Security Act pending their filing of a petition for a writ of certiorari in the U.S. Supreme Court (Larry W. Jander, et al. v. Retirement Plans Committee of IBM, et al., No. 17-3518, 2nd Cir.)....