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ERISA suit against directors goes forward (access required)

The court held the complaint stated a plausible claim against the ESOP special trustee and other defendants under ERISA. Background Steven B. Brincefield worked for Morton G. Thalhimer Inc., a large commercial real estate firm. Brincefield owns Thalhimer stock and participates in its employee stock ownership plan (ESOP). After Thalhimer’s stock prices declined significantly, Brincefield brought claims ...