SunTrust Returns ERISA Case To 11th Circ.

Law360, New York (February 13, 2014, 6:34 PM EST) -- Plaintiffs in a class action accusing SunTrust Banks Inc. retirement plan fiduciaries of breaching their duties asked the Eleventh Circuit on Wednesday to reverse a district court decision dismissing their remaining prudence claim, saying it was sufficiently supported.

The plaintiffs argue that the Georgia federal court did not properly apply the Eleventh Circuit’s May 2013 ruling in Lanfear v. Home Depot Inc. in considering the sufficiency of their claim when it dismissed it last September. The appeals court had applied the ruling to their case in...
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