TATUM v. RJR PENSION INV. COMMITTEE

No. 16-1293.

855 F.3d 553 (2017)

Richard G. TATUM, individually and on behalf of a class of all other persons similarly situated, Plaintiff-Appellant, v. RJR PENSION INVESTMENT COMMITTEE; RJR Employee Benefits Committee; R. J. Reynolds Tobacco Holdings, Inc.; R. J. Reynolds Tobacco Company, Defendants-Appellees. Chamber of Commerce of the United States of America; American Benefits Council, Amici Supporting Appellees.

United States Court of Appeals, Fourth Circuit.

Decided: April 28, 2017.


Attorney(s) appearing for the Case

ARGUED: Jeffrey Greg Lewis , KELLER ROHRBACK L.L.P., Oakland, California, for Appellant. Adam Howard Charnes , KILPATRICK TOWNSEND & STOCKTON LLP, Winston-Salem, North Carolina, for Appellees. Jeffrey Michael Hahn , UNITED STATES DEPARTMENT OF LABOR, Washington, D.C., for Amicus Secretary of Labor. ON BRIEF: Matthew M. Gerend , KELLER ROHRBACK L.L.P., Seattle, Washington; Robert M. Elliot , Helen L. Parsonage , ELLIOT MORGAN PARSONAGE, PLLC, Winston-Salem, North Carolina; Kelly M. Dermody , Daniel M. Hutchinson , LIEFF CABRASER HEIMANN & BERNSTEIN, LLP, San Francisco, California, for Appellant. Daniel R. Taylor, Jr. , Winston-Salem, North Carolina, Thurston H. Webb , KILPATRICK TOWNSEND & STOCKTON LLP, Atlanta, Georgia, for Appellees. M. Patricia Smith , Solicitor of Labor, G. William Scott , Associate Solicitor for Plan Benefits Security, Elizabeth Hopkins , Counsel for Appellate and Special Litigation, UNITED STATES DEPARTMENT OF LABOR, Washington, D.C., for Amicus Secretary of Labor. Kate Comerford Todd , U.S. CHAMBER LITIGATION CENTER, Washington, D.C.; Janet M. Jacobson , AMERICAN BENEFITS COUNCIL, Washington, D.C.; William M. Jay , Jaime A. Santos , GOODWIN PROCTER LLP, Washington, D.C., for Amici Chamber of Commerce of the United States of America and American Benefits Council.

Affirmed by published opinion. Judge Motz wrote the majority opinion, in which Judge Wilkinson joined. Judge Diaz wrote a dissenting opinion.


This Employee Retirement Income Security Act ("ERISA") case returns to us for a third time. The beneficiaries of an ERISA retirement plan appeal the judgment, issued after a full bench trial, that the fiduciary's breach of its duty of procedural prudence did not cause...

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