Juan Armstrong, on Behalf of Themselves and Others Similarly Situated v. Lasalle Bank National Association

How courts have described this case

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

• holding that although employee stock ownership plans may be inherently risky because they invest in only one stock, such funds are permissible
• reversing summary judgment in favor of ERISA fiduciaries in the absence of evidence that fiduciaries considered how to balance plan participants’ interests
• reversing district court summary judgment order on triable issue of fact of whether ESOP trustee exercised prudence in stock valuation for purposes of setting a redemption price
• reversing summary judgment in favor of ERISA fiduciaries in the absence of evidence that fiduciaries considered how to balance plan participants’ interests
• reversing district court summary judgment order on triable issue of fact of whether ESOP trustee exercised prudence in stock valuation for pur‐ poses of setting a redemption price
• “A [fiduciary] who simply ignores changed 13 circumstances that have increased the risk of loss to the trust’s beneficiaries is imprudent.”

Source: CourtListener parenthetical corpus (CC0).