Fifth Third Bancorp v. Dudenhoeffer
Supreme Court of the United States
1Opinion of the Court 1
Petitioner Fifth Third Bancorp maintains a defined-contribution retirement savings plan for its employees. Plan participants may direct their contributions into any of a number of investment options, including an "employee stock ownership plan" (ESOP), which invests its funds primarily in Fifth Third stock. Respondents, former Fifth Third employees and ESOP participants, filed this lawsuit against petitioners, Fifth Third and several of its officers who are alleged to be fiduciaries of the ESOP. The complaint alleges that petitioners breached the fiduciary duty of prudence imposed by the…
Also in this document: Opinion of the Court · Breyer; Opinion of the Court · Breyer.
2Cases cited28 opinions
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