Debra K. Keach and Patricia A. Sage v. U.S. Trust Company, Formerly Known as U.S. Trust Company of California N.A.

How courts have described this case

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

• finding that the defendants were de facto fiduciaries whose ERISA fiduciary liability extended to ordinary obligations of fiduciaries
• finding that negotiating a 20% reduction in price was evidence that a fiduciary had fulfilled its ERISA obligations
• finding ESOP trustee met fiduciary duty when it “analyzed exhaustively [the company’s] financials, had conducted independent valuation analyses and had challenged the financial forecasts made by [the company’s] management as too optimistic”
• “A fiduciary must investigate the expert’s qualifications, provide the expert with complete and accurate information, and make certain that reliance on the expert’s advice is reasonably justified under the circumstances.”
• analyzing process-based claim when determining whether \adequate consideration\ existed

Source: CourtListener parenthetical corpus (CC0).