Court Grants Summary Judgment to Plaintiffs in Rollins v. Dignity Health

Today, July 22, 2014, a Northern District of California court in Rollins v. Dignity Health granted the plaintiffs’ motion for partial summary judgment and denied defendants’. The decision was consistent with the court’s earlier denial of defendants’ motion to dismiss. (See Court Finds Plan Sponsored by Catholic Hospital is NOT a Church Plan). In finding for … Continue reading Court Grants Summary Judgment to Plaintiffs in Rollins v. Dignity Health

Supreme Court Rejects the Moench Presumption – Vacates and Remands Fifth Third Case – BREAKING

The Supreme Court ruled this morning, June 25, 2014, that there is NO presumption of prudence for fiduciaries of ESOPs or Employee Stock Ownership Plans. In other words, the “Moench Presumption” which has been adopted nearly unanimously by every Circuit Court in the country has been unequivocally rejected. The decision was unanimous. But it was … Continue reading Supreme Court Rejects the Moench Presumption – Vacates and Remands Fifth Third Case – BREAKING