ERISA Dispute Over Spinoff Company Dismissed In California

Mealey's (October 12, 2020, 1:44 PM EDT) -- OAKLAND, Calif. — A federal judge in California on Oct. 7 found that actions relating to the merger and restructuring of the Dow and Dupont corporations “were nonfiduciary in nature,” compelling dismissal of allegations of a breach under the Employee Retirement Income Security Act (Krishnan R. Thondukolam, et al. v. Corteva Inc., et al., No. 19-3857, N.D. Calif., 2020 U.S. Dist. LEXIS 186225)....