Baxter Plan Participants Can Sue Under ERISA: Court
An attorney for the plaintiffs said the move shows that employee-shareholders' rights under ERISA aren't limited by securities laws.
But a Baxter representative said Friday that the case, in which retirement plan participants claim the defendants breached their fiduciary duty by allowing them to invest in Baxter's stock, had no merit.
The representative said the appellate ruling actually supported the company's...
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