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WILSON v. CRAVER

No. 18-56139.

994 F.3d 1085 (2021)

Cassandra WILSON, and all other individuals similarly situated, Plaintiff-Appellant, v. Theodore F. CRAVER; Robert Boada, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed April 19, 2021.

Attorney(s) appearing for the Case

Samuel E. Bonderoff (argued), Zamansky LLC, New York, New York, for Plaintiff-Appellant.

John M. Gildersleeve (argued), Henry Weissman , and Lauren C. Barnett , Munger Tolles & Olson LLP, Los Angeles, California, for Defendants-Appellees.

Before: A. Wallace Tashima, Milan D. Smith, Jr., and Mary H. Murguia, Circuit Judges.

OPINION

The Employee Retirement Income Security Act of 1974, as amended ("ERISA"), requires the fiduciary of a pension plan to act prudently in managing the plan's assets. 29 U.S.C. § 1104(a)(1)(B). This case focuses on that duty of prudence as applied to the fiduciary of an employee stock ownership plan (...

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