CSC Off Hook In ERISA Stock-Drop Class Action

Law360, New York (July 14, 2009, 12:00 AM EDT) -- Computer Sciences Corp. has won the dismissal of a class action by current and former employees alleging it mismanaged their 401(k) plans by imprudently investing in its own stock, which plummeted in the wake of reports of options backdating at the technology company.

Judge S. James Otero of the U.S. District Court for the Central District of California on Monday granted CSC summary judgment on all claims in the suit, saying the employee plaintiffs had produced no evidence that a prudent investor would have acted any...
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