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Home / Opinion Digests / Labor & Employment / Labor & Employment – ERISA – 401(k) Plan – Stock Divestment – Post De-Merger (access required)

Labor & Employment – ERISA – 401(k) Plan – Stock Divestment – Post De-Merger (access required)

Tatum v. R.J. Reynolds Tobacco Co. (Lawyers Weekly No. 003-006-16, 65 pp.) (N. Carlton Tilley Jr., J.) 1:02-cv-00373; M.D.N.C. Holding: Despite the imprudent decision-making process that led the RJ Reynolds defendants to decide to eliminate Nabisco stock from their 401(k) retirement plan, their ultimate decision was objectively prudent since a hypothetical prudent fiduciary would have made ...

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