IBM, Feds, ERISA Plan Members Argue Inside Fraud Case To 2nd Circuit On Remand

Mealey's (June 8, 2020, 2:58 PM EDT) -- NEW YORK — In an insider information case on remand from the U.S. Supreme Court, the investment committee of an IBM employee stock option plan, plan participants, the U.S. Securities and Exchange Commission and the U.S. Department of Labor (DOL) each filed documents June 1 in the Second U.S. Circuit Court of Appeals to argue over the duties a fiduciary has to disclose alleged corporate fraud under the Employee Retirement Income Security Act (Larry W. Jander, et al. v. Retirement Plans Committee of IBM, et al., No. 17-3518, 2nd Cir.)....