ERISA plan sponsors may be liable for breach of fiduciary duty if the investments selected for an employee retirement plan are “objectively imprudent.” A decision last week by the Eleventh Circuit makes a defendant’s path for obtaining summary judgment on such a claim more difficult. In Johnson v. Russell Investment Mgt., LLC, 2026 WL 2387006…
Tag: breach of fiduciary duty
JV Partner’s Refusal to Terminate Unprofitable Project Did Not Breach Fiduciary Duty
In Lane Construction Corporation v. Skanska USA Civil Southeast, Inc., et al., ___ F.4th ___, 2026 WL 1018146 (11th Cir. April 15, 2026) the Eleventh Circuit rejected Lane Construction’s attempt to avoid millions in losses related to its involvement in a $2.3 billion construction project, finding that that Lane’s breach of fiduciary duty allegations were…