Lawyers representing U.S. Department of Labor Secretary Hilda L. Solis have argued that the holding of company stock in a defined contribution plan is not entitled to a presumption of prudence.
Another law firm has launched an investigation into possible violations of the Employee Retirement Income Security Act by BP PLC and fiduciaries of the its Employee Savings Plan.
A federal judge in Tennessee has allowed First Horizon National Corp. to ask a federal appellate court to resolve a still-murky procedural issue in stock drop cases.
A court dismissed a securities fraud suit accusing executives at health insurance giant Aetna Inc. of making false statements about the company's “disciplined″ pricing strategies to drive up...