Judge Dismisses Class Action Against Dow, DuPont Over Fiduciary Breach
May 13, 2020
The lawsuit reportedly accused the companies of breaching their fiduciary duties in administering the $23.4 billion DuPont U.S. Pension and Retirement Plan.
A class action suit against Dow, DuPont and other related companies alleging fiduciary breach is tossed out due to insufficient evidence, according to an article from Pensions & Investments. The lawsuit reportedly accused the companies of breaching their fiduciary duties in administering the $23.4 billion DuPont U.S. Pension and Retirement Plan.
The complaint, filed in July, also accused the companies of failing to follow pension plan documents, failing to notify participants of changes to the plan and failing to properly fund the pension plan. After DuPont split into three companies in 2019 – DuPont, Dow and Cortevea – the burden of maintaining the plan fell to Corteva, according to the article. The lawsuit reportedly contended that this was a breach of the companies’ fiduciary duties that jeopardized the success of the retirement plan.
Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.
Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...
See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.
