Skip to main content
Fifth Circuit· 9/26/2016

Ralph Whitley v. BP, P.L.C.

Citations

  • 838 F.3d 523
  • 62 Employee Benefits Cas. (BNA) 2170
  • 2016 U.S. App. LEXIS 17501
  • 2016 WL 5387678

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).

Judges: Wiener, Clement, Costa

Read full opinion on CourtListener

Cited by

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

Cites

10 cases in this archive are cited by this case.

Other cases named Ralph Whitley v. BP, P.L.C.

1 other CourtListener record shares this case name.

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.