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JCEB TELECONFERENCE

ABA Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial and Insurance Practice
and The American College of Employee Benefits Counsel Present

DOL Positions in the Enron Litigation:
What Do They Mean for
Plans and Plan Fiduciaries?

A 90-minute Teleconference / Audio Webcast

Thursday, March 27, 2003
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT

This program has already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org or (202) 662-8640.
Ref. #JCEBT030327DOLA


The DOL set forth aggressive, far-reaching positions in its August 2002 brief filed in the Enron ERISA litigation. Directors, officers, plan committee members, and plan trustees must be aware of the DOL's view on their proper roles regarding plan investments, including in particular plan investments in employer stock.

Topics Include:
  • What is the scope of a director's duty to monitor plan fiduciaries?
     
  • What triggers fiduciary duties to investigate and alert regarding potential fraud or corporate misfeasance?
     
  • When does ERISA impose affirmative duties to disclose regarding business and financial information?
  • Can the corporate form shield fiduciaries from personal liability?
     
  • When should a fiduciary override plan terms requiring investment in employer stock?
     
  • When should a directed trustee override fiduciary directions?

Moderator
Elizabeth Hopkins, Department of Labor, Counsel for Appellate and Special Litigation, Washington, DC

Speakers
Marc Machiz, Cohen, Milstein, Hausfeld & Toll (former Associate Solicitor, DOL, representing plaintiffs in several pending employer stock cases), Washington, DC
Robert Rachal, Shook, Hardy & Bacon LLP (defending employers and fiduciaries in several pending employer stock cases), New Orleans, LA

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