Jenner & Block

“Eleventh Circuit Becomes Latest Circuit to Adopt Rebuttable Presumption That Fiduciaries Act Prudently by Investing in Employer Stock,” Employee Relations Law Journal, Vol. 38, No. 2

In this article, Partner Douglas A. Sondgeroth and Associate Brienne M. Letourneau examine the decision of the U.S. Court of Appeals for the Eleventh Circuit in Lanfear v. Home Depot, Inc., in which the court adopted the view that ERISA plan fiduciaries do not abuse their discretion by investing in employer stock according to plan terms, as long as it is reasonable to do so under the circumstances.