Kristie Abel

Kristie Abel

Cozen O'Connor

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Supreme Court Rejects Presumption of Prudence for ESOP Fiduciaries

On June 25, 2014, the Supreme Court of the United States, in Fifth Third Bancorp v. Dudenhoffer, declared that no “presumption of prudence” applied to fiduciaries of “employee stock ownership plans” (ESOPs). ...more

7/10/2014 - Corporate Counsel Duty of Prudence ERISA ESOP Fiduciary Duty FIfth Third Bancorp v Dudenhoeffer SCOTUS US Bancorp

Goldman Ordered to Advance Defense Fees for Former Employee Accused of Stealing Computer Codes

On October 16, 2013, the U.S. District Court for the District of New Jersey, in Aleynikov v. The Goldman Sachs Group, Inc., found that a former vice president and computer programmer was an “officer” of Goldman Sachs & Co.,...more

11/1/2013 - Advances Aleynikov Attorney's Fees Corporate Officers Criminal Prosecution Goldman Sachs Indemnification Legal Costs Misappropriation Trade Secrets

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