The Moench presumption: an examination of the Third Circuit's standard of prudence in employer stock cases and its subsequent treatment by circuit courts
This article discusses the standard of prudence formulated by the Third Circuit for employer stock cases brought under the Employee Retirement Income Security Act of 1974 (ERISA) and the Circuit Courts' subsequent treatment of that standard. Although a number of Circuit Courts have adopted the...
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| Veröffentlicht in: | Benefits law journal 2013-09, Vol.26 (3), p.35 |
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| container_title | Benefits law journal |
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| creator | Ross, Nancy G Kolluri, Prashant |
| description | This article discusses the standard of prudence formulated by the Third Circuit for employer stock cases brought under the Employee Retirement Income Security Act of 1974 (ERISA) and the Circuit Courts' subsequent treatment of that standard. Although a number of Circuit Courts have adopted the Moench presumption of prudence, there is still significant disagreement over the procedural stage at which the presumption applies and how the presumption can be rebutted. Given this split between the courts, judicial intervention by the US Supreme Court is necessary to resolve these outstanding issues and fulfill Congress's goal of attaining uniformity of benefits regulation. |
| format | Article |
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Although a number of Circuit Courts have adopted the Moench presumption of prudence, there is still significant disagreement over the procedural stage at which the presumption applies and how the presumption can be rebutted. 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Given this split between the courts, judicial intervention by the US Supreme Court is necessary to resolve these outstanding issues and fulfill Congress's goal of attaining uniformity of benefits regulation.</description><subject>Beneficiaries</subject><subject>Diversification</subject><subject>Employee benefits</subject><subject>Employee ownership</subject><subject>Employee stock ownership plans</subject><subject>Employers</subject><subject>ERISA</subject><subject>ESOP</subject><subject>Federal court decisions</subject><subject>Fiduciaries</subject><subject>Fiduciary duties</subject><subject>International finance</subject><subject>Investments</subject><subject>Laws, regulations and rules</subject><subject>Pension plans</subject><subject>Presumptions (Law)</subject><subject>Prudent person rule</subject><subject>Regulation</subject><subject>Retirement plans</subject><issn>0897-7992</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNptjt1KxDAQhXuh4O87BLzwxkrSpI31bln8gxVv9r6k6aSNbpOaScF9FN_WiIIrLAOZycl3zuQgO6Y3tcxlXRdH2QniK6WsZKI6zj7XA5BnD04PZAqA8zhF690tUY7AhxqtU9934g2JiVwPNnRkaYOebbxEglG5TiUpvU9h7lIOEJus47TxWwgJ8PqNaIWAKbIjNibT3CK8z-AiiQFUHL-ndkv0TyzRfg4Rz7JDozYI57_9NFvf362Xj_nq5eFpuVjlPZNU5qqDwkBVtExWppWCdyUthWbcCFExWReilppLzii04gaYMlxWZaeolqakLT_NLn5ip-DTnzA2r2m9SxsbJjgtSl4U8o_q1QYa64yPQenRom4WXPBa1GXNE5XvoXpwENTGOzA2yf_46z18qg5Gq_carnYM7YzWAaYDbT9E7NWMuIt_AYQLn0w</recordid><startdate>20130922</startdate><enddate>20130922</enddate><creator>Ross, Nancy G</creator><creator>Kolluri, Prashant</creator><general>Aspen Publishers, Inc</general><scope>N95</scope><scope>ILT</scope><scope>7X1</scope><scope>7XB</scope><scope>8FI</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FYUFA</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>K6~</scope><scope>M0T</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PADUT</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20130922</creationdate><title>The Moench presumption: an examination of the Third Circuit's standard of prudence in employer stock cases and its subsequent treatment by circuit courts</title><author>Ross, Nancy G ; 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Although a number of Circuit Courts have adopted the Moench presumption of prudence, there is still significant disagreement over the procedural stage at which the presumption applies and how the presumption can be rebutted. Given this split between the courts, judicial intervention by the US Supreme Court is necessary to resolve these outstanding issues and fulfill Congress's goal of attaining uniformity of benefits regulation.</abstract><cop>New York</cop><pub>Aspen Publishers, Inc</pub></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0897-7992 |
| ispartof | Benefits law journal, 2013-09, Vol.26 (3), p.35 |
| issn | 0897-7992 |
| language | eng |
| recordid | cdi_proquest_journals_1430253227 |
| source | Business Source Complete |
| subjects | Beneficiaries Diversification Employee benefits Employee ownership Employee stock ownership plans Employers ERISA ESOP Federal court decisions Fiduciaries Fiduciary duties International finance Investments Laws, regulations and rules Pension plans Presumptions (Law) Prudent person rule Regulation Retirement plans |
| title | The Moench presumption: an examination of the Third Circuit's standard of prudence in employer stock cases and its subsequent treatment by circuit courts |
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