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ERISA Plan Fiduciaries May Face Personal Liability (access required)

Participants in a 401(k) plan before and after defendant separated its Reynolds tobacco business from its Nabisco food company and plan fiduciaries forced divestment of company stock proved that defendants breached their ERISA fiduciary duty of procedural prudence, and the 4th Circuit remands the case for the district court to apply the correct standard to ...

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