Williams Mullen: 4th Circuit Rules Retirement Plan Trustees' Failures Must Have Causal Link to Plan Losses to Hold Trustees Liable

By Mark S. Thomas and Robert W. Shaw Plasterers' Local Union No 96 Pension Plan v. Pepper , No. 10-1364 (4th Cir., December 1, 2011) The U. S. Court of Appeals for the Fourth Circuit has ruled that retirement plan trustees cannot be held liable for failures to investigate the prudence of plan...