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Expert Analysis

When The Presumption Of Prudence Applies

Law360, New York (June 1, 2012, 1:04 PM EDT) -- Although more than 15 years have passed since the Third Circuit issued its seminal decision in Moench v. Robertson, 62 F.3d 553 (3d Cir. 1995), courts are still grappling with its application and reach. In Moench, the Third Circuit adopted an abuse-of-discretion standard for reviewing an employee stock ownership plan fiduciary's decision to continue investing in employer securities....

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