Skip to main content
E.D. Michigan· 8/20/2003

Rankin v. Rots

Citations

  • 278 F. Supp. 2d 853
  • 30 Employee Benefits Cas. (BNA) 2761
  • 2003 U.S. Dist. LEXIS 14507
  • 2003 WL 21995176

How courts have described this case

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

  • declining to rely on the ESOP presumption because whether the defendants breached their fiduciary obligations required the development of the facts of the case, and plaintiff stated a claim in that respect
  • allegation that defendants had “de facto discretionary authority to change investment options within the Plan” held to be sufficient
  • differences between fraud and breaches of fiduciary duty actions create lesser pleading standard for latter type of case
  • “There simply are factual issues implicit in section 404(c), including whether or not a participant actually exercised independent control with respect to a transaction. Dismissal is not appropriate.”
  • \Defendants' duty to `disclose or abstain' under the securities law does not immunize them from a claim that they failed in their conduct as ERISA fiduciaries\ (citation omitted)
  • “Defendants had a duty under securities laws not to make any material misrepresentations; they also had a duty to disseminate truthful information to plan participants, including the information contained in SEC filings.”

Source: CourtListener parenthetical corpus (CC0).

Judges: Cohn

Read full opinion on CourtListener

Cited by

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

Other cases named Rankin v. Rots

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.