ERISA Litigation Roundup: Ninth Circuit Affirms Dismissal of ERISA Stock-Drop Suit

On April 19, 2021, in Wilson v. Craver, No. 18-56139, 2021 WL 1523253 (9th Cir. Apr. 19, 2021), the U.S. Court of Appeals for the Ninth Circuit affirmed the dismissal of an ERISA stock-drop lawsuit brought against fiduciaries of Edison International’s employee stock ownership plan (ESOP), holding that the plaintiff failed to meet the “more harm than good” pleading standard set forth in Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. 409, 428 (2014).

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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

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