Quantcast
Home / Opinion / 09-3428, 09-3452, 09-3497, 10-1851, 10-2079 & 10-2091 Peabody v. Davis

09-3428, 09-3452, 09-3497, 10-1851, 10-2079 & 10-2091 Peabody v. Davis

ERISA Breach of fiduciary duty; diversification Where a retirement plan failed to diversify despite the investment’s collapse, the plan was properly found liable for breach of fiduciary duty. “We agree with the district court that a prudent investor would not have remained so heavily invested in RIC’s stock as the company’s fortunes declined precipitously over a five-year period ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*