Philadelphia associate Adrienne Robertson authored a client alert, titled, “Fifth Third Bancorp v. Dudenhoeffer: Supreme Court Rejects Special 'Presumption of Prudence' for Employer Stock,” which was picked up by Bloomberg BNA.

The alert discussed the recent U.S. Supreme Court decision, which found that there is no special presumption of prudence applicable to fiduciaries with respect to employer stock, but which provides a useful road map to the lower courts for use in evaluating whether a claim can proceed, and may serve as guidance to plan fiduciaries in connection with employer stock investments.