Attorneys & Professionals
Jennifer Dunsizer, of counsel in the Vorys Columbus office and a member of the labor and employment group, was quoted in a Columbus Business First story regarding a Supreme Court case that could decide when employees can sue to recover losses in company stock plans.
The story states:
“Some Columbus lawyers say employers should not be blamed when company stock drops.
‘Markets go up and markets go down. When they go down, fiduciaries don’t want to feel forced to jump in front of a train and stop people from investing,’ said Jennifer Dunsizer, a labor and ERISA lawyer at Vorys Sater Seymour and Pease.
If company stock drops sharply and plan trustees liquidate it, when the stock rebounds, employees may want to sue over lost revenue that could have been earned on the upswing, lawyers said.”
To read the entire story, visit the Columbus Business First website. (Subscription may be required).