Eleventh Circuit Ruling Changes Fiduciary Duty Claims in Florida, Alabama, and Georgia
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Eleventh Circuit ruled in Bolton v. Inland Fresh Seafood Corporation of America that plaintiffs are not required to exhaust a plan’s internal claims procedures before filing a federal lawsuit for breach of fiduciary duty or statutory violations under ERISA. This decision overturns decades of precedent that had previously required this exhaustion in the Eleventh Circuit. The ruling applies to claims involving plan sponsors and fiduciaries in Alabama, Florida, and Georgia.
From natlawreview.com
Why it matters
The decision removes a common early-dismissal defense for plan sponsors and fiduciaries operating in Alabama, Florida, and Georgia. This change alters the legal risk profile for businesses involved in employee stock ownership plans and fiduciary duties within those states.
From natlawreview.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FloridaSpeculative
Businesses in Florida might face higher legal costs and increased liability exposure related to fiduciary duty claims.
- AlabamaSpeculative
Businesses in Alabama could face higher legal costs and increased liability exposure related to fiduciary duty claims.
- GeorgiaSpeculative
Businesses in Georgia could face higher legal costs and increased liability exposure related to fiduciary duty claims.
How it developed
Newest first. Tap a step to see who reported it.Judge Jordan's ruling impacts litigation in GA, AL, and FL.1 source
The ruling applies to fiduciary duty claims for sponsors in FL, AL, and GA.1 source