WASHINGTON, D.C. - Participants in the Fifth Third Bankcorp employee stock ownership plan (ESOP) on Feb. 22 filed a brief opposing U.S. Supreme Court review of a Sixth Circuit U.S. Court of Appeals ruling that Fifth Third and the ESOP trustees breached their fiduciary duties under the Employee Retirement Income Security Act by continuing to offer company stock as a retirement plan investment option at a time when the bank was engaged in subprime lending and by providing false and misleading information...(read more)![]()
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