RJ Reynolds Loses Bid To Decertify ERISA Class

Law360, New York (January 11, 2010, 5:20 PM EST) -- A federal judge has refused to decertify a class of participants in a retirement plan at R.J. Reynolds Tobacco Co. in a lawsuit accusing the tobacco giant of mismanagement when it sold certain stocks in the plan after it spun off from RJR Nabisco Holdings Corp.

Judge Carlton Tilley Jr. of the U.S. District Court for the Middle District of North Carolina denied R.J. Reynold's motion to decertify the class Thursday, rejecting the company's argument that intervening case law should require the court to reverse its...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.