Federal Case

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• circumstances known to the plan fiduciary can give rise to an expanded affirmative duty to disclose information necessary to protect a participant
• “[The investment firm] did not inform the [fjunds of the circumstances surrounding Lloyd’s departure ... [and] informed the [f]unds only that Lloyd had resigned as [their] representative.”
• “[A] fiduciary has a legal duty to disclose to the beneficiary only those material facts, known to the fiduciary but unknown to the beneficiary, which the beneficiary must know for its own protection.... The well established obligations endemic in the law of trusts requires nothing less.”

Source: CourtListener parenthetical corpus (CC0).