Successfully Defended ADM in ERISA Class Action
Date: December 2003
Case Name: Steinman v. Hicks, 352 F.3d 1101
Jurisdiction: U.S. Court of Appeals for the Seventh Circuit, U.S. District Court for the Central District of Illinois
Client
Archer Daniels Midland Company
Our professionals successfully defended Archer Daniels Midland Company in an ERISA class action. The court found that fiduciaries of an employer stock plan acquired by ADM did not breach their duty of prudence by continuing to invest 65 percent of the plan's assets in employer stock during the period from the plan's termination to the distribution of its assets.
Related Practices
ERISA Litigation
Related People
Steven L. Severson
Aaron D. Van Oort