ERISA Litigation Roundup: Federal District Court Dismisses ERISA Stock-Drop Suit

On September 30, 2021, the U.S. District Court for the District of Connecticut dismissed an ERISA stock-drop lawsuit brought against alleged fiduciaries of Aetna, Inc.’s (Aetna’s) employee stock ownership plan (ESOP), holding that the plaintiffs failed to state a fiduciary breach claim under ERISA.  Radcliffe v. Aetna, Inc., No. 3:20-cv-01274, 2021 WL 4477408 (D. Conn. Sept. 30, 2021).

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About Author: Jeffrey P. Justman

Jeff Justman is a legal strategist and advocate who represents clients in shareholder and securities litigation, appellate matters, and class actions in state and federal courts across the country. Jeff also manages an active pro bono practice, with a particular emphasis on protecting the right to vote and to participate in the political process. View all posts by Jeffrey P. Justman