Judge Says Fiduciaries Couldn’t Make Asbestos-Talc Disclosures

Mealey's (March 3, 2021, 1:27 PM EST) -- NEWARK, N.J. — A securities class has not shown that disclosures regarding asbestos in talc could have been taken by plan fiduciaries or that the early disclosures would have resulted in less harm, a federal judge in New Jersey said Feb. 26 in dismissing an Employee Retirement Income Security Act case and granting one last chance at amendment....