Wednesday, August 25, 2010

Deepwater Horizon and Its Effects on Fiduciary Liability

Fiduciary Liability describes a company's exposure to employee claims concerning their retirement plans.  For example, employees may allege that their employer did not provide access to successfully-performing funds, thereby reducing the amount of the employees' potential pensions.  The employee must prove that their employer did not fulfill their duty to allow the employee every opportunity to grow their company retirement plan.

What do employers do when employee retirement accounts buy heavily into company stock and that company stock takes a dive?

BP is going to find out...  HartfordHelp: ERISA and The Deepwater Horizon Disaster

1 comment:

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