ERISA Duty-To-Monitor Claims Properly Dismissed, 8th Circuit Panel Says

Mealey's (March 26, 2020, 12:14 PM EDT) -- ST. LOUIS — A district court properly dismissed duty-to-monitor claims alleged under the Employee Retirement Income Security Act against the trustees of an employee stock ownership plan because the plaintiffs failed to plausibly allege a claim for breach of the duty of prudence, the Eighth Circuit U.S. Court of Appeals said March 24 (Deborah Vigeant, et al.  v. Michael Meek, et al., No. 18-3616, 8th Cir., 2020 U.S. App. LEXIS 9120)....