Sierra Aluminum Sold to Samuel

Sierra Aluminum, a formerly ESOP-owned company that was involved in the litigation that led to the first fiduciary process agreement between the Department of Labor and an ESOP fiduciary, a

Silicon Valley Option Use Declines

The number of households with one or more wage earners holding stock options dropped from 33% in 2000 to 25% in 2002. In neighboring San Francisco County, options use dropped even more, where 20% of the households had options in 2000, but only 12% did in 2002.

Sixth Circuit Breaks with Other Courts on Moench Presumption

In Pfeil v. State Street Bank and Trust Co., No. 10-2302 (6th Cir. Feb. 22, 2012), the Sixth Circuit Court of Appeals broke with other circuit courts on the issue of when plan trustees deserve the presumption of prudence for investments in company stock (the "Moench presumption").