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5th Circ. Tosses ERISA Action Against Idearc Execs

By David McAfee (July 9, 2013, 9:42 PM EDT) -- The Fifth Circuit on Tuesday affirmed the dismissal of an Employee Retirement Income Security Act class action brought by participants in now-defunct Idearc Inc.'s management plan, who accused the company's board members and officers of breaching fiduciary duty by failing to divest company stock and to stop offering it as an investment option....

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