CHICAGO - Fiduciaries of an employee retirement savings plan did not breach their duty of prudence by complying with the terms of the plan by continuing to offer employer stock as an investment option during the stock's 54 percent decline in price, the Seventh Circuit U.S. Court of Appeals affirmed April 19, finding that the decline was consistent with the rest of the stock market and that the participants were given flexibility to direct their own investments among a variety of investment options...(read more)![]()
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