After Enron: Employer Stock in 401(k) Plans
Thursday, January 12, 2006
A 90-minute TeleConference/Live Audio Webcast
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
In the four years since Enron filed for bankruptcy, hundreds of companies (not all of them bankrupt) have been sued under ERISA over employer stock in their 401(k) plans, along with their officers and directors who serve as or are alleged to be plan fiduciaries. Plaintiffs are also suing directed trustees and independent fiduciaries, claiming they had duties to override participant directions or take some other action regarding plan investments in employer stock. Hear from leading practitioners on cutting-edge issues, including:
§ Is the duty to disclose inside information to participants under ERISA different than the duty to disclose the information to all shareholders under corporate and securities laws?
· When should a fiduciary override plan terms requiring investment in employer stock?
· What responsibilities, if any, does a directed trustee have to review a direction?
§ What steps are officers, directors and fiduciaries taking to lessen their exposure?
· When are directors ERISA fiduciaries?
Moderator:
Nell Hennessy, Fiduciary Counselors Inc., Washington, DC
Speakers:
Réne Thorne
, Proskauer Rose LLP, New Orleans, LA
Nancy Ross, McDermott Will & Emery LLP, Chicago, IL
Lynn Sarko, Keller Rohrback, Seattle, WA
Ron Kilgard, Keller Rohrback, Phoenix, AZ
***Checks should be made payable to ABA-JCEB and mailed to 740 15th Street, N.W., Washington, DC 20005.***
