Dow, Dupont Bid To Toss Amended ERISA Class Action Over Merger And Spin-Offs

Mealey's (June 24, 2020, 1:08 PM EDT) -- OAKLAND, Calif. — A group of retirement plan participants fail to state a claim for breach of fiduciary duties under the Employee Retirement Income Security Act in alleging that the merger and restructuring of the Dow and Dupont corporations facilitated an improper divestment of pension liabilities, corporate and plan administrative defendants tell a California court in a June 8 motion to dismiss the second amended complaint (Krishnan R. Thondukolam, et al. v. Corteva Inc., et al., No. 19-3857, N.D. Calif.)....