Seventh Circuit· 9/6/2011

Loomis v. Exelon Corp.

Citations

658 F.3d 667
51 Employee Benefits Cas. (BNA) 1705
2011 U.S. App. LEXIS 18480
2011 WL 3890453

How courts have described this case

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

noting that “nothing in ERISA requires every fiduciary to scour the market to find and offer the cheapest possible fund (which might, of course, be plagued by other problems)”
noting there was “no reason to think [the defendant] chose these funds to enrich itself at participants’ expense”
noting there was “no reason to think [the defendant] chose these funds to enrich itself at participants’ expense”
noting there was “no reason to think [the defendant] chose these funds to enrich itself at participants’ expense”
finding no claim where Defendants “offered participants a menu that includes high-expense, high-risk, and potentially high-return funds, together with low-expense, low-risk, modest-return bond funds”
rejecting the argument that ERISA’s fiduciary duties require employers to shoulder the costs of administering funds themselves

Source: CourtListener parenthetical corpus (CC0).

Judges: Easterbrook, Chief Judge, and Posner and Tinder, Circuit Judges

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Cited by

32 cases in this archive cite this case; the 20 most cited are listed.

Cites

15 cases in this archive are cited by this case.

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