BY: MARK S. THOMAS & ROBERT W. SHAW
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 investments or to
diversify those investments, unless there is a proven causal link
B y M ark S. Thomas and Robert W. Shaw
In Lanfear v. Home Depot, Inc. , No. 10-13002 (11th Cir. May 8, 2012) [ enhanced version available to lexis.com subscribers ], the U.S. Court of Appeals for the Eleventh Circuit joined five other federal circuit courts in adopting a presumption that, in the absence...