Peabody v. Davis

How courts have described this case

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

• clarifying in an ERISA case that “[t]he method of calculating damages is reviewed de novo; the calculations pursuant to the method are reviewed for clear error”
• discussing judicial efforts to “reconcile[]” the two duties when prudence applies but diversification, by statute, does not
• upholding district court’s finding “that a prudent investor would not have remained so heavily invested in [the company]^ stock as the company’s fortunes declined precipitously over a five-year period for reasons that foretold further and continuing declines”
• “The remedy in an action for breach of fiduciary duty [under § 502(a)(2)] is for the fiduciary to ‘make good’ the loss to the plan.”
• relief under § 502(a)(3) was available “only to the extent that such relief is not available” under §§ 502(a)(1)(B) or (a)(2)
• “The method of calculating damages is reviewed de novo; the calculations pursuant to the method are reviewed for clear error.”

Source: CourtListener parenthetical corpus (CC0).