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Jenner & Block LLP | USA | 31 May 2015

Securities exception to CAFA precludes CAFA jurisdiction.

A bondholder brought suit in state court alleging that defendants breached fiduciary duties and acted with gross negligence in administering certain


Jenner & Block LLP | USA | 1 Oct 2010

Ninth Circuit joins other circuits in adopting rebuttable presumption that fiduciaries acted prudently by investing in employer stock

In Quan v.Computer Sciences Corporation, Nos. 09-56190, 09-56248, 2010 WL 3784702 (9th Cir. Sept. 30, 2010), the United States Court of Appeals for the Ninth Circuit joined three other circuit courts in expressly adopting a rebuttable presumption that ERISA fiduciaries act prudently by continuing to follow plan terms and allowing plan participants to invest in employer stock.


Jenner & Block LLP | USA | 29 Jul 2010

Department of Labor issues interim final rule on disclosure of fees and conflicts of interest

The U.S. Department of Labor (“DOL”) issued an interim final rule on July 15, 2010, that is intended to improve disclosure of fees and conflicts of interest to fiduciaries of 401(k) and certain other retirement plans.


Jenner & Block LLP | USA | 16 Jun 2009

SEC publishes proposed rules on stockholder proxy access

On June 10, 2009, the Securities and Exchange Commission ("SEC") published stockholder proxy access rules following a history of unsuccessful prior proposals.

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