Paul Saumer v. Cliffs Natural Resources

How courts have described this case

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

• finding that plaintiffs failed to meet Dudenhoeffer’s standards with regards to the alternative action of holding contributions in cash
• finding that the “fiduciaries could have concluded that divulging inside information . . . would have collapsed Cliffs’s stock price, hurting participants already invested in the ESOP”
• considering whether disclosure would have hurt participants “already invested in the ESOP”
• dismissing failure to monitor claim because “no predicate fiduciary breach exists”
• \[A] plaintiff must show a causal link between the failure to investigate and the harm suffered by the plan.\ (internal quotation marks omitted)
• plan par- ticipants alleged plan fiduciaries breached duty of prudence by failing to publicly disclose or act on inside information concerning purchase of an iron-ore mine

Source: CourtListener parenthetical corpus (CC0).

Cited by

14 cases in this archive cite this case.

• Brotherston v. Putnam Investments
  First Circuit· 2018-10-15· cited 45×
• Ann Dormani v. Target Corporation
  Eighth Circuit· 2020-07-28· cited 24×
• Jander v. Ret. Plans Comm. Ibm
  Second Circuit· 2018-12-10· cited 19×
• Jaime Pizarro v. The Home Depot, Inc.
  Eleventh Circuit· 2024-08-02· cited 19×
• Bruce Fulmer v. Scott Klein
  Fifth Circuit· 2018-06-27· cited 14×
• Jeffrey Quatrone v. Gannett Company, Inc.
  Fourth Circuit· 2020-08-11· cited 11×
• In re Sunedison, Inc. Erisa Litig.
  S.D. Illinois· 2018-08-06· cited 11×
• Jander v. International
  Second Circuit· 2018-12-10· cited 10×
• Francesca Allen v. Wells Fargo & Company
  Eighth Circuit· 2020-07-27· cited 10×
• In re Target Corp.
  D. Minnesota· 2017-07-31· cited 10×
• Diane Burke v. The Boeing Company
  Seventh Circuit· 2022-08-01· cited 8×
• Yates v. Nichols
  N.D. Ohio· 2017-12-18· cited 3×
• Michael Perrone v. Johnson & Johnson
  Third Circuit· 2022-09-07· cited 2×
• Wilson v. Edison Int'l, Inc.
  C.D. California· 2018-05-29

Cites

18 cases in this archive are cited by this case.

• Ashcroft v. Iqbal
  Supreme Court· 2009-05-18· cited 149,772×
• Moench v. Robertson
  Third Circuit· 1995-09-12· cited 252×
• Bennett v. MIS CORP.
  Sixth Circuit· 2010-06-04· cited 202×
• Kuper v. Iovenko
  Sixth Circuit· 1995-10-04· cited 195×
• Fifth Third Bancorp v. Dudenhoeffer
  Supreme Court· 2014-06-25· cited 134×
• Kirschbaum v. Reliant Energy, Inc.
  Fifth Circuit· 2008-04-25· cited 99×
• Rinehart ex rel. Buzzo v. Lehman Bros. Holdings Inc.
  Second Circuit· 2016-03-18· cited 58×
• Jerry Summers, Individually and on Behalf of All Others Similarly Situated v. State Street Bank & Trust Company, and Ual Corporation Esop Committee
  Seventh Circuit· 2006-06-28· cited 53×
• Amgen Inc. v. Harris
  Supreme Court· 2016-01-25· cited 52×
• Vern Steinman, Floyd Sinclair, and Ron Eickelschulte, on Behalf of Themselves and Those Similarly Situated v. Teresa Hicks
  Seventh Circuit· 2003-12-12· cited 45×
• Pfeil v. State Street Bank & Trust Co.
  Sixth Circuit· 2015-11-10· cited 37×
• Ralph Whitley v. BP, P.L.C.
  Fifth Circuit· 2016-09-26· cited 32×
• Linda White v. Marshall & Ilsley Corporation
  Seventh Circuit· 2013-04-19· cited 25×
• Harris v. Amgen, Inc.
  Ninth Circuit· 2014-10-30· cited 19×
• In re Lehman Bros. Securities & Erisa Litigation
  S.D. New York· 2015-07-10· cited 18×
• In Re Computer Sciences Corp. Erisa Litigation
  C.D. California· 2009-07-13· cited 14×
• In re Citigroup Erisa Litigation
  S.D. New York· 2015-05-13· cited 14×
• Donna Marie Coburn v. Evercore Trust Company, N.A.
  D.C. Circuit· 2016-12-30· cited 7×