Opinion No. 73-213 (1973) Ag

How courts have described this case

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

• finding “that a prudent fiduciary could very easily conclude that [disclosure of such information] would do more harm than good”
• addressing claims for breaches of the duty to monitor and the duty of prudence
• plan participants alleged plan fiduciaries breached duty of prudence by failing to publicly disclose or act on inside information concerning “numerous undisclosed safety breaches” prior to Deepwater Horizon explosion
• “the significant burden of proposing an alternative course of action so clearly beneficial that a prudent fiduciary could not conclude that it would be more likely to harm the fund than to help it.”
• the first hurdle to be cleared before an insider information prudence claim requires plaintiffs to plausibly allege that defendants \had knowledge of the relevant insider information which would indicate that the stock price is distorted\

Source: CourtListener parenthetical corpus (CC0).