Merchants Cachet Inv. Partners LLC v. Roche

How courts have described this case

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

• holding that, to establish breach of loyalty, a plaintiff must prove that the fiduciary “failed to act as if it were free of any conflict”
• defendant fiduciary “ke[pt] apprised of alternate investments in the market,” “compared the [fund] to those alternatives[,]” and “ma[d]e underlying tweaks to the [fund]”
• “The reasonably prudent fiduciary standard merely requires that fiduciaries reach a well-reasoned decision after weighing the risks and benefits and considering other alternatives.”
• “The duty of prudence . . . is [] context-specific” and “does not demand a fiduciary . . . make the optimal investment.”
• first quoting § 1104(a)(1)(B); and then citing Fifth Third Bancorp, 573 U.S. at 425; and then citing Tatum v. RJR Pension Inv. Comm., 761 F.3d 346, 360 (4th Cir. 2014)

Source: CourtListener parenthetical corpus (CC0).